$2,139,254,000,000: FY2016 Taxes Set Record Through May; $14,164 Per Worker; Feds Still Run Deficit of $407,099,000,000

[WestVirginiaRebel]

cnsnews:

(CNSNews.com) - The U.S. Treasury took in a record of approximately $2,139,254,000,000 in tax revenues in the first eight months of fiscal 2016 (Oct. 1, 2015 through May 31, 2016), according to the Monthly Treasury Statement released today.

 

That is up about $15,347,130,000--in constant 2016 dollars—from the approximately $2,123,906,870,000 in constant 2016 dollars the Treasury collected in the first eight months of fiscal 2015.

 

(Tax revenues from previous years were adjusted to 2016 dollars using the Bureau of Labor Statistics Inflation Calculator.)

 

In May alone, the Treasury collected approximately $224,603,000,000 in revenue.

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It takes money to waste money.