Friday, March 11, 2016

$1,248,371,000,000: FY2016 Taxes Set Record Through February; $8,263 Per Worker; Feds Still Run $353,005,000,000 Deficit

$1,248,371,000,000: FY2016 Taxes Set Record Through February; $8,263 Per Worker; Feds Still Run $353,005,000,000 Deficit

March 11, 2016 $1 , 000 1 Comments


By Terence P. Jeffrey, March 10, 2016 CNS News

(CNSNews.com) - The U.S. Treasury hauled in a record of approximately $1,248,371,000,000 in tax revenues in the first five months of fiscal 2016 (Oct. 1, 2015 through Feb. 29, 2016), according to the Monthly Treasury Statement released today.

Despite these record tax revenues in the first five months of the fiscal year, the federal government nonetheless ran a deficit of approximately $353,005,000,000 during the same period.

In February alone, the Treasury ran a deficit of $192,614,000,000.

The record five-month tax haul of $1,248,371,000,000 equaled approximately $8,263 for each of the 151,074,000 people in the country who had either a full or part-time job in February. 

Read More: http://cnsnews.com

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