The number of background checks—along with federal excise tax totals—is considered one of the most accurate measures of gun sales. While not all checks lead to purchases, a very high percentage do.
On the national level, the quarterly Firearms and Ammunition Excise Tax Collection report released this week by the Department of the Treasury indicates firearm and ammunition manufacturers reported tax liabilities of $110.1 million in the first calendar quarter of 2011, an increase of 8.2 percent over the same period last year.
Monday, August 22, 2011
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