The National Shooting Sports Foundation (NSSF) recently released a report stating that the total economic impact of the firearm and ammunition sales in the United States increased from $19.1 billion …
The National Shooting Sports Foundation (NSSF) recently released a report stating that the total economic impact of the firearm and ammunition sales in the United States increased from $19.1 billion in 2008 to $70.52 billion in 2021, a 269 percent increase.
The total number of full-time firearms industry equivalent jobs rose from 166,000 to over 375,819, a 126% increase in that period.
The firearm and ammunition industry paid over $7.85 billion in business taxes, including property, income and sales-based levies. An additional $1.1 billion was paid in federal excise taxes, which directly contributes to wildlife conservation.
Joe Bartozzi, President & CEO of NSSF said, “The economic contributions of our industry are indisputably contributing to every state and every community. This is the hallmark of the hard working men and women who prove that the American firearm and ammunition industry is strong.”
Bartozzi went on to say, “There were 5.4 million first-time gun buyers in 2021 alone. These new gun owners are increasingly representative of Americans from all walks of life, including more women and more minority communities that have decided to exercise their right to keep and bear arms and to safely enjoy the recreational shooting sports. This growth equals more jobs that add to our local economies, averaging $56,900 in wages and benefits.”
According to the NSSF report, New York’s firearms industry supports over 10,000 jobs and generates over $155 million in federal business tax dollars. New York ranks among the top 10 states in terms of economic output in terms of dollars, with a total economic output of over $2.5 billion.
This report tells us, with all that is happening in the world today, Americans support the Second Amendment (the right to bear arms), and want to defend themselves, their family and love ones.
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