$1,051,873,000,000: Record Federal Tax Collections Top $1 Trillion in 3 Months

Wednesday, January 12, 2022 | Tag Cloud Tags: , ,

(Worthy News) – Total federal collections in the first three months of fiscal 2022—October through December—set a record as they topped $1 trillion, hitting $1,051,873,000,000, according to the Monthly Treasury Statement released today.

Prior to this year, the most the federal government had ever collected in total taxes in the first three months of a fiscal year was in fiscal 2016, when it collected $902,498,080,000 in constant December 2021 dollars.

In the first three months of fiscal 2021, the federal government collected $859,898,350,000 in total taxes in constant December 2021 dollars. Thus, from last year to this year, taxes are up $191,974,650,000—or 22.3 percent—in the first three months of the fiscal year. [ Source: Just the News (Read More…) ]

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