Trade group releases gun, ammo economic report

The gun and ammo industry had a $51.3 billion impact on the U.S. economy last year, according to a report published by the National Shooting Sports Foundation on Friday.

The trade group generated that figure by adding together direct and indirect wages and taxes associated with the gun industry.

According to the report, there’s a total of 301,123 jobs associated with the gun industry across the country that generates $15.2 billion in wages.

Also, the industry and its employees pay more than $6.5 billion in federal and state taxes, which includes property, income and sales-based levies.

The overall economic impact from 2016 is up just over 4 percent from the year before, according to the report. The total impact has grown 169 percent since 2008.