Wed Aug 02, 2017 5:14 pm
The tax, which works out to $25 per firearm and 2 or 5 cents per round of ammunition, has thus far generated no more than $108,013.04, according to court documents.
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SAF said the legal costs and penalty that Seattle will be forced to pay in the case will amount to more than the revenue the tax brought in.
“The city has essentially lost money on this scheme because now they have to pay our attorney fees, plus a small penalty … On top of that, the city has lost tax revenue because one major gun dealer has moved out of the city and another has reported considerable sales losses. That is tax money the city will never realize.”
. During the discovery portion of the suit, Seattle’s lawyers revealed that a single gun seller accounted for more than 80 percent of the gun-tax revenue.
Wed Aug 02, 2017 5:19 pm
Wed Aug 02, 2017 6:19 pm
Wed Aug 02, 2017 6:47 pm