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Feds Collect Record Individual Income Taxes Through August; Still Run $898B Deficit

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WEB Notes: Another quarter, the same sad song plays once again. Big brother takes more of your money, they are in more debt and what do you get for your money? Not a whole lot.

The federal government collected a record $1,521,589,000,000 in individual income taxes through the first eleven months of fiscal 2018 (October 2017 through August 2018), according to the Monthly Treasury Statement released today.

However, the federal government also ran a deficit of $898,112,000,000 for those eleven months, according to the statement.

Prior to this year, the record federal individual income tax collections for the first eleven months of the fiscal year occurred last year, when the Treasury collected $1,460,379,260,000 in individual income taxes in constant August 2018 dollars (adjusted using the Bureau of Labor Statistics inflation calculator).

Source: Feds Collect Record Individual Income Taxes Through August; Still Run $898B Deficit

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1 Comment

  1. well i think anybody with half a brain would know that you don’t give all your money away to foreign countries, or illegals, or black budgets, or the military industrial complex and making the american tax payer, pay for it.(did i miss anyone?) get rid of the Federal Reserve, that would be my first choice, but because we have so much corruption in our government, i doubt very much that would happen. there have been presidents who tried to do this and where did they end up?

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