Firearms and ammunition in fiscal year 2009, up 41%

[MaineCWPtraining]

U.S. pockets $20.6 bln in sin taxes in FY'09

Thu Jul 15, 2010

NEW YORK (Reuters) - Americans armed themselves to the teeth and paid through the nose to have a smoke, according to a U.S. government report released on Wednesday.

The U.S. federal government collected $20.6 billion in taxes on alcohol, tobacco, firearms and ammunition in fiscal year 2009, up 41 percent from the previous fiscal year, according to the annual report of the Alcohol and Tobacco Tax and Trade Bureau.

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[Pilgrim]

In October 2009, firearms and ammunition excise tax collection climbed 45 percent from the previous fiscal year, the greatest annual increase in the firearms tax revenue in the agency's history, the report said. By comparison, the average annual increase for fiscal years 1993 to 2008 was 6 percent.

cool !

 

[MaineCWPtraining]

About the only thing good Obama has done for this country.

 

[Rob]

I did my part...with the guns and ammo at least.

 

[atmay]

A good portion of that is from me...in all 4 categories. I'm not sure which I spent the most on, though.

 

[Sir_Macadoo]

in poor economic times, sin spending goes through the roof. put your money in a sin mutual fund and get the best returns when SHTF.

(I am not a CFA or CFP, this is a generalization. Investments may loose value)