$2,672,414,000,000: Federal Taxes Set Record Through July; $17,955 Per Worker--Feds Still Run $465.5B Deficit

[WestVirginiaRebel]

CNS News:

(CNSNews.com) - The federal government raked in a record of approximately $2,672,414,000,000 in tax revenues through the first ten months of fiscal 2015 (Oct. 1, 2014 through the end of July), according to the Monthly Treasury Statement released today.

 

That equaled approximately $17,955 for every person in the country who had either a full-time or part-time job in June.

 

It is also up about $183,397,970,000 in constant 2015 dollars from the $2,489,016,030,000 in revenue (in inflation-adjusted 2015 dollars) that the Treasury raked in during the first ten months of fiscal 2014.

 

Despite the record tax revenues of $2,672,414,000,000 in the first ten months of this fiscal year, the government spent $3,137,953,000,000 in those ten months, and, thus, ran up a deficit of $465,539,000,000 during the period.

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Strange how that works, isn't it?