The Elder Statement : 000 Deficit

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Saturday, April 15, 2017

Feds Collect Record Income and Payroll Taxes Through March--Still Run $526,855,000,000 Deficit

By CNS News, April 14, 2017

(CNSNews.com) - The federal government collected record amounts of both individual income taxes and payroll taxes through the first six months of fiscal 2017 (Oct. 1, 2016 through the end of March), according to the Monthly Treasury Statement.

Through March, the federal government collected approximately $695,391,000,000 in individual income taxes. That is about $7,387,280,000 more than the $688,003,720,000 in individual income taxes (in constant 2017 dollars) that the federal government collected in the first six months of fiscal 2016.

Read More: http://www.cnsnews.com

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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

elderstatement.com 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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