Submitted by Laurajw12 t3_11attpn in Connecticut
Spooky2000 t1_j9w6tcq wrote
Reply to comment by flatdanny in Taxing rounds to punish gun owners by Laurajw12
Better? They want to go to 35% tax on ammo.
>According to the Connecticut General Assembly’s Office of Fiscal Analysis, it is estimated that $25 million in ammunition is sold in our state on an annual basis. Connecticut's 6.35 percent sales tax rate generated $1.6 million in sales tax revenue. When set at 35 percent, the state can generate more than $7 million for gun violence prevention and reduction efforts.
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