Gun Sales Helping The Economy

By: mobal , 12:32 AM GMT on August 20, 2009

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I have not verified, but this is being reported...

Looking for an extra box of rounds this last weekend for my little 380 I dont doubt it.....

Gun Sales Push Excise Taxes to New Highs
NEWTOWN, Conn. – During a time period of great economic uncertainty, firearm and ammunition sales have continued to increase throughout the country.

According to the most recent Firearms and Ammunition Excise Tax Collection Report, released earlier today by the Department of the Treasury, firearm and ammunition manufacturers paid more than $109.8 million in the first calendar quarter of 2009; up 43% over the same time period reported in 2008.

This dramatic increase follows a 31.3 percent increase in excise taxes from the previous quarter (4Q, 2008) and eight straight months of increased FBI background checks – another strong indicator of firearm sales.

A third reliable source, the National Sporting Goods Association (NSGA), reported that in 2008, "Hunting and Firearms" equipment was the only category to grow double digits and only one of seven categories that exhibited growth. NSGA's forecast for 2009 shows "Hunting and Firearms" as one of only two categories to exhibit growth.

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).

This latest excise tax report which covers the time period of January 1, 2009 through March 31, 2009, shows that $33.0 million was collected in taxes for pistols and revolvers, $38.9 million for long guns and $37.8 million for ammunition. Compared to the same quarter in 2008, collections were up 65.5% for handguns, 42.9% for ammunition and 28.3% for long guns.

Translation to Sales

Using the latest collections as an indicator of sales, a projection of $1.03 billion was generated in the first quarter (calendar year) of 2009. Please keep in mind that although excise taxes are one of the best indicators of industry performance, they only report what the manufacturers paid in taxes and do NOT reflect retail mark-up and final retail sales.

Pistols and revolvers: $33,043,554.83 / .10 = $330,435,548.30 = $330.4 million for handguns

Long guns: $38,979,972.16 / .11 = $354,363,383.27 = $354.3 million for long guns

Ammunition: $37,846,038.52 / .11 = $344,054,895.64 = $344.0 million for ammunition

Total estimation for the quarter: $1.028 billion.

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17. conchygirl
2:38 AM GMT on August 20, 2009
Quoting spathy:


Thank You Conchy.
Now he can see me:)
Oh, I see, yes, he can!
Member Since: June 11, 2008 Posts: 24 Comments: 5910
14. conchygirl
1:49 AM GMT on August 20, 2009
Quoting spathy:


Ditto in triplicate.
Hey Spathy...keep missing you and might again...nice to see you.
Member Since: June 11, 2008 Posts: 24 Comments: 5910
12. mobal
1:40 AM GMT on August 20, 2009
Quoting spathy:


Ditto in triplicate.


Hi, hope all is well!

I am blogging with Simon and we are not at each other’s throats yet.....jk
Member Since: August 3, 2005 Posts: 482 Comments: 5333
11. mobal
1:33 AM GMT on August 20, 2009
Well hell, and they said gold is good...LOL!
Member Since: August 3, 2005 Posts: 482 Comments: 5333
7. mobal
1:18 AM GMT on August 20, 2009
Quoting StSimonsIslandGAGuy:
I am sure.

However bringing guns to a presidential event is just wrong. It drives the Secret Service to distraction--they HAVE to keep an eye on people with guns regardless of their intentions. People bringing guns who distract the Secret Service just to make a point are making the president less safe, and they are not being patriotic by doing so. It may be legal, but it is not right.


Agree completly. I have a guy that works for me that asked during Obamas Inauguration if I thought anything bad would happen, I told him I pray not. I will respect the office. Though I do not like his politics, wish the same was done with pass presidents. That sir is how it should work IMO.
Member Since: August 3, 2005 Posts: 482 Comments: 5333
5. mobal
1:13 AM GMT on August 20, 2009
Quoting StSimonsIslandGAGuy:
You should have bought Smith & Wesson stock last year ;)


LOL! Yep!

Member Since: August 3, 2005 Posts: 482 Comments: 5333
2. mobal
12:51 AM GMT on August 20, 2009
LOL, The bible thumpers bring their guns.....

Really though, If they have a permit I have no issue for a concealed weapon. Though I would not carry to such a meeting. Showing a rifle or such is just stupid.

One must wunder how many of the union instigator own firearms....hunting and such. I would think alot.
Member Since: August 3, 2005 Posts: 482 Comments: 5333

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