Feds Collect Record Taxes Through August; Still Run $673.7B Deficit

by Terence P. Jeffrey
September 28, 2017

(CNSNews.com) – The federal government collected record total tax revenues through the first eleven months of fiscal 2017 (Oct. 1, 2016 through the end of August), according to the Monthly Treasury Statement.

Through August, the federal government collected approximately $2,966,172,000,000 in total tax revenues.

That was $8,450,680,000 more (in constant 2017 dollars) than the previous record of $2,957,721,320,000 in total tax revenues (in 2017 dollars) that the federal government collected in the first eleven months of fiscal 2016.

At the same time that the federal government was collecting a record $2,966,172,000,000 in tax revenues, it was spending $3,639,882,000,000—and, thus, running a deficit of $673,711,000,000.

6 Comments - what are your thoughts?

  • dmttbt says:

    Gee is that what happens when you spend more than you have?? I would think they should have taught that in them there ivy colleges. Maybe all of them there educated a holes all missed that day when they were teaching that.

  • teaman says:

    Folks, this is only going to get worse if we don’t streamline our out of control Gooberment by cutting over half it’s corrupt over reaching agencies. Here is just two we need to cut, the EPA and the IRS to start with!!

    1. dmttbt says:

      I agree but the fact that we should be cutting the number of members or should that be cutting the members of the gooberment elite. These a holes are so out of connection with what the average person goes through it is pathetic. They are spending more and we are getting less. There is a reason. Find out what that is and get back with us on that information.

      1. teaman says:

        No, I know the answer!! You do your own research. This is just one of the major problems with the perverted left, they know only what their handlers want them to know…..which is always a lie with a touch of truth here and there to prop up their evil!

  • justinwachin says:

    Congress needs to work to bring government expenditures down. Budgets need to be cut. If the government could go from a $673 billion deficit to a $673 billion surplus they could begin paying down the federal debt.

    Interest rates will never be able to return to previous levels until the government gets its debt paid down.

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