Firearms and ammunition excise tax collections
for third quarter of calendar year 2008.
$90 MILLION GENERATED FOR CONSERVATION . . . New data from the U.S. Treasury Department show sales by firearm and ammunition manufacturers increased 9.7 percent between July and September when compared to the same period the previous year. Sales of pistols and revolvers were up 23.6 percent, ammo sales rose 8.4 percent and long gun sales saw a 4.1 percent increase, according to the latest Pittman-Robertson federal excise tax collection report. Excise taxes are calculated as a percentage of wholesale receipts, paid quarterly by firearm and ammunition manufacturers, and earmarked for state wildlife conservation and habitat restoration programs. These statistics are based solely on U.S. civilian sales and do not include sales to military, police, etc. During the quarter, $89.7 million was generated for conservation -- $19.8 million was collected for pistols and revolvers, $33.2 million for long guns and $36.6 million for ammunition. The latest tax collections suggest overall sales of $834.2 million, not including retail markup or final retail sales. Total excise tax collections for the federal government's fiscal year (Oct. 1 to Sept. 30) were $321.9 million.
The way firearms are disappearing off of shelves you would think the new "prohibition" was already upon us. I am expecting AT LEAST a 50% increase in total sales(combined sales of firearms, ammunition and firearms related gear including, but not limited to, optics, tac-lights/lasers, holsters and magazines).
I think sales for handguns likely doubled during the 4th quarter, AT LEAST. Ammo is a totally different matter. I'll bet ammo sales went up several fold in the 4th quarter judging by the back order I've been waiting on for a while at a couple of online sellers.
You're not joking... My uncle bought a new S&W 642 and it was his first .38 Spl. He looked at 3 WalMarts, a couple of pawn shops, and 2 Dicks Sporting Goods stores and found no .38s. I loaned him a box for practice. He finally found a box to repay me and had to give $20 for Winchester FMJ practice ammo...