Who would have thought that the firearms and ammunition industry over the past decade has grown and contributed so much to the economy in spite of the endless war to ban guns in America.
According to the National Shooting Sports Foundation (NSSF) 2018 Economic Report, the firearms and ammo industry’s economic impact in the United States has grown more than 150 percent with gun-related jobs practically doubling since 2008.
To Progressives, whose heads are exploding over this news, the firearms industry also paid its fair share in taxes. In 2017, the industry paid $3.9 billion in taxes were paid — “$2.9 billion in business taxes” — “$718 million in excise taxes.”
Washington Free Beacon by Stephen Gutowski
The National Shooting Sports Foundation’s newly released report showed the industry’s economic impact rose from $19.1 billion in 2008 to $51.4 billion in 2017. That represents a 169 percent increase. At the same time, gun-related jobs grew from an estimated 166,000 to nearly 310,000. An increase of 87 percent.
“Our industry is proud to be one of the truly bright spots in our economy as an unprecedented number of Americans have chosen to exercise their fundamental right to keep and bear arms and to safely enjoy the shooting sports,” Stephen L. Sanetti, president and CEO of the trade group, said in a statement. “In response to that dynamic, we have increased our direct workforce by more than 7,000 in the past year alone, adding jobs that pay an average nearly $50,000 in wages and benefits. In addition, since 2008 we increased federal tax payments by 144 percent, Pittman-Robertson excise taxes that support wildlife conservation by 104 percent and state business taxes by 121 percent”[…]
You can also access the Firearms and Ammunition 2018 Economic Impact Report here in pdf format.
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