Feds collect $20 billion in taxes on alcohol, tobacco, firearms, ammunition; Up 41%

The U.S. federal government collected $20.6 billion in taxes on alcohol, tobacco, firearms and ammunition in fiscal year 2009, up 41 percent from the previous fiscal year, according to the annual report of the Alcohol and Tobacco Tax and Trade Bureau.

Part of the U.S. Treasury Department, the TTB credited most of the $6 billion rise in revenues collected to the increased taxes on the tobacco industry as a result of the Children's Health Insurance Reauthorization Act passed in February 2009.

There was also a spike in tax collection from the sale of guns and ammunition, said the report from the agency that has an annual budget of $99 million.

In October 2009, firearms and ammunition excise tax collection climbed 45 percent from the previous fiscal year, the greatest annual increase in the firearms tax revenue in the agency's history, the report said. By comparison, the average annual increase for fiscal years 1993 to 2008 was 6 percent.