WEB Notes: Now hold on here folks, I need to think about this one…. The government gives me and you a tax cut…. Yeah, I have that right…. Now, we all pay a new record amount in taxes…. Something does not compute.
The federal government collected a record $736,274,000,000 in individual income taxes through the first six months of fiscal 2018 (Oct. 1, 2017 through the end of March), according to the Monthly Treasury Statement released today.
The approximately $736,274,000,000 in individual income taxes that the Treasury collected in October through March of this fiscal year was $24,473,780,000 more than the $711,800,220,000 (in constant March 2018 dollars) that the Treasury collected in the first six months of fiscal 2017.