$3,374,629,000,000: Federal Tax Collections Set Record Through May


internal revenue service irs worthy ministries(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…) ]

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