Federal Taxes Set Record Through July; Real Federal Spending up 47.7% From Pre-Pandemic High


usd million dollars hundreds(Worthy News) – The federal government set a new record for the amount of taxes it collected through the first ten months of fiscal 2021 (October through July), according to the Monthly Treasury Statement.

Total federal tax receipts were $3,318,078,000,000 for the period.

When federal tax receipts from previous fiscal years are adjusted for inflation into July 2021 dollars, the second-highest tax receipts for the October-through-July period came in fiscal 2017. That year, the federal government collected $3,055,690,570,000 in taxes (in constant July 2021 dollars) in October through July. [ Source: CNS News (Read More…) ]

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