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

Wednesday, August 11, 2021 | Tag Cloud Tags: , ,

(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…) ]

We're being CENSORED ... HELP get the WORD OUT! SHARE!!!
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.

Worthy Christian News