The federal government continued to collect taxes at an unprecedented pace in the beginning of fiscal 2016, raking in a record of approximately $416,014,000,000 in revenues through the first two months of the fiscal year (Oct. 1, 2015 through the end of November), according to the Monthly Treasury Statement released today.

In the entirety of fiscal 2015, which ended on Sept. 30, the federal government collected a record $3,248,723,000,000, which worked out to about $21,833 for every person who held a job in the country as of September.

The record-setting $416,014,000,000 in taxes that the federal govnerment collected in just the first two months of this fiscal year equals approximately $2,785 for every person in the country who had either a job in November.

Read more

Related Articles