Via The Blue State Conservative
President Joe Biden released a $6.011 trillion federal budget proposal in May 2021 for fiscal year (FY) 2022. The U.S. government estimates it will receive $4.174 trillion in revenue through Sept. 30, 2022, creating a $1.837 trillion deficit for Oct. 1, 2022 – see here.
So how is the US doing collecting those taxes? According to the Monthly Treasury Statement, the federal government collected a record $2,121,987,000,000 in total taxes through the first six months of fiscal 2022 (October through March). See the trend chart below and learn more here. Continue reading “U.S. Government Sets Record For Most Taxes Taken In… And It’s Still Not Enough”
