Seattle gun tax revenue spirals further down from forecast expectations

By Chris Eger

The counter at Precise Shooter, a sporting goods store in Lynnwood, Washington that recently moved from Seattle to escape that city’s gun tax. The store says they paid thousands in retail sales tax to Lynnwood instead. (Photo: Precise Shooter)
A controversial tax on guns and ammo enacted by Washington’s largest city is not the cash cow city leaders hoped and some argue in the end it is actually costing the city money.
The 2015 measure, which placed a $25 assessment on each modern firearm and up to 5 cents on each round of ammunition sold by retailers in the city, was billed as Seattle’s solution to the $17 million in medical costs from gunshot victims at the city-underwritten Harborview Medical Center in 2014.
However, as disclosed by figures released by the city under a Public Records Act request by TheGunMag.com’s Dave Workman, the amount collected totaled $93,220 in 2017 was far less than the $300,000 to $500,000 annual windfall projected by the city council three years ago.
“Once again, Seattle’s pie-in-the-sky gun tax revenue forecast has been proven to be a complete failure, essentially like other gun control fantasies,” said Second Amendment Foundation founder Alan Gottlieb in a statement. “The revenue data only reinforces

Source: Guns.com