$3,374,629,000,000: Federal Tax Collections Set Record Through May
(Worthy News) – The federal government collected a record $3,374,629,000,000 in total taxes in the first eight months of fiscal 2022 (October through May), according to the Monthly Treasury Statement.
Before this year, the largest October-through-May federal tax collections came in fiscal 2021, when the Treasury collected $2,833,846,070,000 in total taxes in inflation-adjusted May 2022 dollars.
This fiscal year’s October-through-May tax collections of $3,374,629,000,000 are $540,782,930,000 (or 19.08 percent) more than that. [ Source: CNS News (Read More…) ]
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.
