Federal Income Taxes and Federal Spending Both Set Records in FY19 – IOTW Report

Federal Income Taxes and Federal Spending Both Set Records in FY19

(CNSNews.com) – The amount of money the federal government collected in individual income taxes and the total amount of money the federal government spent both set records in fiscal 2019, according to the Monthly Treasury Statement released Friday afternoon.

However, even while collecting a record amount in individual income taxes, the federal government still ran a deficit of $984,388,000,000 during the fiscal year.

In fiscal 2019, which began on Oct. 1, 2018 and ended on Sept. 30, 2019, the federal government collected $1,717,857,000,000 in individual income taxes, according to the Monthly Treasury Statement. read more

7 Comments on Federal Income Taxes and Federal Spending Both Set Records in FY19

  1. Trump is playing chess while the democrats are playing with themselves. The day of fiscal reckoning is rapidly approaching. We have to stop spending, pay down the debt. Neither party wants to be in office on the day of reckoning. So the childish democrats are going to throw President Trump out of office. Maybe 2 years later we’re going to face an economic melt down. While the democommies hold all 3 branches.

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  2. After the collapse, I shall grow fat, wide and grand, exchanging practical knowledge for apples, hams and smoked meats from millennials who couldn’t pour piss out of their own hats.

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