Feds Collect Record Taxes in October; Still Run $100B Deficit

Thursday, November 15, 2018 | Tag Cloud Tags: , , ,

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(Worthy News) - The federal government collected record total tax revenues of $252,692,000,000 in October, the first month of fiscal 2019, according to the Monthly Treasury Statement released Tuesday.

Despite the record tax collections, the government still ran a deficit of $100,491,000,000 for the month—because it spent $353,183,000,000.

This October’s record $252,692,000,000 in total tax collections was $11,414,590,000 more than the $241,277,410,000 (in constant October 2018 dollars) that the federal government collected in October 2017, which was the previous record for federal tax collections in October. [ Source: CNS News (Read More...) ]

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