$1,084,840,000,000: Taxes Set Record Through January; $7,133 Per Worker; Feds Still Run Deficit of $156,939,000,000

We The People voted Donald Trump as President to reign in government spending. With this record amount of taxes taken in, we should have a balanced budget sooner than later.

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The U.S. Treasury hauled in a record of approximately $1,084,840,000,000 in tax revenues in the first four months of fiscal 2017 (Oct. 1, 2016 through Jan. 31, 2017), according to the Monthly Treasury Statement.

That is up about $5,616,000,000 in constant 2016 dollars from the approximately $1,079,224,000,000 in constant 2016 dollars that the Treasury collected in the first four months of fiscal 2016.

Tax revenues from previous years, as reported in the Monthly Treasury Statement for January of each year, were adjusted to 2016 dollars using the Bureau of Labor Statistics Inflation Calculator. >> Continue Reading <<

Taxes
Federal Taxes set record through January

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