Posted April 10, 2024 11:00 am by Comments

By Editor

Firearms Industry Economic Impact Rises 371% Since 2008
The total economic impact of the firearms and ammunition industry in the United States increased from $19.1 billion in 2008 to $90.05 billion in 2023, a 371% increase, while the total number of full-time equivalent jobs rose from approximately 166,000 to over 384,437, a 131% increase in that period, according to a report released by the NSSF®, The Firearm Industry Trade Association.

On a year-over-year basis, the industry’s economic impact rose from $80.73 billion in 2022, to $90.05 billion in 2023. The firearm industry has broader impacts throughout the economy. It supports and generates business for firms seemingly unrelated to firearms, such as banking, retail, accounting, metal working, and printing among others.
Shooting Industry Generates $11.8 Billion in Tax Revenues
The firearm and ammunition industry paid over $10.90 billion in business taxes, including property, income, and sales-based levies. An additional $944 million was paid in Federal excise taxes, which directly contributes to wildlife conservation. The combined business and excise taxes adds up to a total of $11.8 billion in tax revenue!

“Our industry is a vital economic contributor to every state and every community. These are companies employing men and women from all walks of life and

Source: Accurate Shooter

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