(CNSNews.com) – The federal government collected record amounts of both individual income taxes and payroll taxes through the first six months of fiscal 2017 (Oct. 1, 2016 through the end of March), according to the Monthly Treasury Statement.
Through March, the federal government collected approximately $695,391,000,000 in individual income taxes. That is about $7,387,280,000 more than the $688,003,720,000 in individual income taxes (in constant 2017 dollars) that the federal government collected in the first six months of fiscal 2016.
The federal government also collected $547,491,000,000 in Social Security and other payroll taxes during the first six months of fiscal 2017. That is about $2,731,820,000 more than the $544,491,000,000 in Social Security and other payroll taxes (in constant 2017 dollars) that the government collected in the first six months of fiscal 2016.
Despite collecting record amounts of individual income taxes and payroll taxes, the Treasury still ran a deficit of $526,855,000,000 in the first six months of fiscal 2017.
Well they should talk to Jerry Brown. He can fix this shit.
Well, it looks like dismantling unconstitutional Federal Agencies, Boards, Commissions, Committees and laying off non-essential federal workers is the way to go.
Then review all Federal Grants (foreign and domestic)and eliminate wasteful nonessential programs.
Reduce non-essential travel junkets of the House and Senate.
If they can deficit spend to their heart’s content why do they need to collect income taxes? Just put it on the old Infinity Credit Card!