$221,692,000,000: Federal Taxes Set Record for October – IOTW Report

$221,692,000,000: Federal Taxes Set Record for October

$1,459 Per Worker; Feds Still Run Deficit of $44,192,000,000

(CNSNews.com) – Federal tax revenues set an all-time record of $221,692,000,000 for the month of October, according to the newly released Monthly Treasury Statement.

In constant 2016 dollars that is the most taxes the federal government has ever collected in October, which is the first month of the fiscal year.

The record $221,692,000,000 in taxes collected this October was up $6,718,330,000 from the $214,973,670,000 in constant 2016 dollars that the Treasury collected in October 2015.

Despite bringing in record tax revenue of $221,692,000,000 this October, the federal government ran a deficit of $44,192,000,000 during month. That is because federal spending in October was $265,884,000,000.

The record $221,692,000,000 in federal taxes for October equaled approximately $1,459 for every person who had either a full- or part-time job during the month. (According the Bureau of Labor Statistics, the total number of people employed in the United States in October was 151,925,000.)  MORE

7 Comments on $221,692,000,000: Federal Taxes Set Record for October

  1. how much of that was hilarity’s cut and how much did obama get?

    I mean they each got into public service because they were both too lazy to work at a real job and liked how easy it was to rip off the American taxpayer via legislation and sale of political power.

    come on, what did they each end up with?
    f’n traitors, should be swinging from the light poles on their streets.

  2. Cui bono?

    The “po’ fokes” ain’t all driving round in Cadillacs.
    The “middle class” (middle income, actually, seein as we gots us here a ‘classless’ society) is being stomped (through tax and regulation) to extinction.

    So … who’s gettin the swag? Why do we allow this corruption to continue?
    The Unions? Wall Street? “Green” swindlers? Beltway Bandits?
    I’m not sure, but you can bet Aunt Martha’s ass it’s the politically connected.

    izlamo delenda est …

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