Seattle Gun Violence Tax Not Paying Off
Washington – Since January of 2016, Seattle has enforced the “Gun Violence Tax.” The tax law charges gun sellers a sales tax of Twenty-five dollars per gun and between two to five cents per round of ammunition. The revenue is allotted to study the causes of gun violence in hopes of reducing costs to taxpayers.
The Tax was initially projected to raise between $300,000 to $500,000 annually. However, this did not come to fruition. In the first year, the tax law brought in less than $200,000, according to Seattle City Councilmember Tim Burgess. The “Gun Violence Tax” has since caused many of the local gun dealers just to pack up and move to other towns outside of the Anti-Gun law.
Unexpectedly, gun violence crimes have also increased. According to the Seattle Police Department and Fox News, the reported number of shots fired has gone up 13%, the number of injured in shootings has jumped up by 37%, and deaths have doubled.
About Davis & Davis LLC – Sales Tax Experts: Headquartered in Dallas, Texas, Davis & Davis LLC – Sales Tax Experts specializes in sales/use tax audit consulting and audit defense. Our team of consultants is comprised of former Big 4 sales tax consultants and state sales tax auditors. Each of our consultants has 15 to 20 years of experience, providing our clients with access to a highly specialized team of sales/use tax professionals. At Davis & Davis we are committed to maintaining the highest standards in our talent pool. We work hard to meet our clients’ needs by ensuring that you view our firm as an extension of your company and a member of your team.
For sales/use tax compliance questions or audit related concerns, we are here to help!
Contact us at:
Or call today for a consultation:
972-488-5000
