Federal Income Taxes and Federal Spending Both Set Records in FY19
Tuesday, October 29, 2019 | Tag Cloud Tags: deficit, News, tax, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly
(Worthy News) – The amount of money the federal government collected in individual income taxes and the total amount of money the federal government spent both set records in fiscal 2019, according to the Monthly Treasury Statement released Friday afternoon.
However, even while collecting a record amount in individual income taxes, the federal government still ran a deficit of $984,388,000,000 during the fiscal year.
In fiscal 2019, which began on Oct. 1, 2018 and ended on Sept. 30, 2019, the federal government collected $1,717,857,000,000 in individual income taxes, according to the Monthly Treasury Statement. [ Source: CNS News (Read More…) ]
Latest Worthy News
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.