May 12, 2009

Firearms and Ammunition Excise Taxes Up 31 Percent in 4th Quarter

NEWTOWN, Conn. -- According to the most recent Firearms and Ammunition Excise Tax Collection Report, released by the Department of the Treasury, firearm and ammunition manufacturers paid more than $98.1 million in the fourth calendar quarter of 2008, up 31.3% over the same time period reported in 2007.

Manufacturers of firearms and ammunition pay a federal excise tax -- a major source of wildlife conservation funding -- on all firearms and ammunition manufactured (11% on long guns and ammunition and 10% on handguns).

The report, which covers the time period of October 1, 2008, through December 31, 2008, shows that $27.6 million was collected for pistols and revolvers, $35.0 million for long guns and $35.5 million for ammunition. Compared to the same quarter in 2007, collections were up 70.1% for handguns, 11.4% for long guns and 31.1% for ammunition.

These figures close out the 2008 calendar year. In 2008, a total of $345.2 million was collected in excise taxes, up 13.9% from the $303.2 million collected in calendar year 2007.

These figures are based solely on U.S. civilian sales and do not include sales to military, police and other governmental agencies.

Comments (6)

Obama and the Botox Bitch, Nancy Pelosi, are doing all they can to insure that law abiding Americans will not be able to defend themselves.
They obviously care more for the rights of rapist and murderers than their constituents.

Posted by: Ralph De La Huerta | May 21, 2009 11:58 PM    Report this comment

unfortunately how many gun ownd=ers bought into his rhetoric and voted for him. by time uncle tom sambo gets done with american we should all be wearing turbans. the only way to defeat this clown is in the midterm elections. we have got to hobble him and do it good. remember in the voting booth what voting for a liberal has gotten us so far. trillions in debt with no way of getting out. padded pocketbooks of his liberal thugs and our right having a big ol crap taken on them.

Posted by: pa-cman | May 21, 2009 12:23 PM    Report this comment

Well Ralph, you nailed it. He's more concerned for them than us. After all, they're worshipping the same God.

Posted by: Tim C | May 21, 2009 10:33 AM    Report this comment

For someone to sell us out, there will not be enough heat in HELL for him to pay for his treason.
Obama is truly showing us just how he wants to weaken our nation so his terrorist friends (for the none believers, just whom has he been meeting with?) can just walk right in and take over.
He has forgotton how Americans can come together and fight against such tyranny. He just keeps kissing the terrorists asses and thinks everyone is blind to this. Only the Liberals are blind. The rest of us have 20/20 vision.

Posted by: Ralph De La Huerta | May 21, 2009 9:25 AM    Report this comment

Obama is an abomination of American Civil Liberties. He is striving to weaken the American gunowners so we can not defend ourselves when hi Jihadist Terrorist hit our streets in force.

Posted by: Ralph De La Huerta | May 21, 2009 9:12 AM    Report this comment

Obama is an abomination of American Civil Liberties. He is striving to weaken the American gunowners so we can not defend ourselves when hi Jihadist Terrorist hit our streets in force.

Posted by: Ralph De La Huerta | May 21, 2009 9:12 AM    Report this comment

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