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Analysis: The gun industry has an economic impact of $180 million in Arizona, 3 times less than California

Analysis: The gun industry has an economic impact of 0 million in Arizona, 3 times less than California

PHOENIX (3TV/CBS 5) – It should not be surprising Arizona is one of the most gun-friendly states in the nation. But according to a recent report, Arizona ranks behind California when it comes to the economic impact of the firearms industry.

In Arizona, the average salary for gun industry workers is about $61,000, and in total, the state’s economic impact generated more than $180 million. Arizona had the 8th largest economic impact among states with the most jobs in the gun industry, followed by Texas, California, Florida, Pennsylvania, Ohio, Illinois and North Carolina. In terms of taxes, the industry generated $2.3 billion in Arizona in 2021. California’s firearms industry employs more than 29,000 people, with an average salary of more than $66,000 in 2021. The state had about $380 million in federal business tax revenue. in the same year

Selling guns is incredibly profitable in the United States, whether for hunting, sports, or home protection. The National Shooting Sports Foundation estimates that approximately 18.5 million firearms were sold in the US in 2021, the second-highest year ever, compared to a record 21 million sold in 2020. The NSSF, founded in 1961, says its organization is “committed to the safe, legal and responsible ownership and use of firearms, and works every day to stop their criminal misuse.” Gunmakers make more than $1 trillion from the sale of AR-15-style pistols. earned more in the past 10 years, despite attempts by various organizations and the Oversight and Reform Commission, some ads said to mimic popular first-person shooter video games.

Since 2008, national labor markets in the sector have grown by 128%, and in 2021 more than 375,000 people will be working. Wages have grown 234% since 2008, to more than $21.4 billion. The overall economic impact of the US firearms industry is a 269% increase, or $70.5 billion.

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