$2,121,987,000,000: Federal Tax Collections Set Record Through March
Wednesday, April 13, 2022 | Tag Cloud Tags: News, tax, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly
(Worthy News) – The federal government collected a record $2,121,987,000,000 in total taxes through the first six months of fiscal 2022 (October through March), according to the Monthly Treasury Statement.
This also marked the first time that federal tax collections have exceeded $2 trillion in the first half of a fiscal year.
Prior to this year, the most taxes the federal government ever collected in the first six months of a fiscal year was in fiscal 2021, when the Treasury collected $1,849,508,090,000 in taxes (in constant March 2022 dollars) in the October-through-March period. [ 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.