“$1,051,873,000,000: Record Federal Tax Collections Top $1 Trillion in 3 Months”
January 13, 2022
“Total federal tax collections in the first three months of fiscal 2022—October through December—set a record as they topped $1 trillion, hitting $1,051,873,000,000, according to the Monthly Treasury Statement released today.
Prior to this year, the most the federal government had ever collected in total taxes in the first three months of a fiscal year was in fiscal 2016, when it collected $902,498,080,000 in constant December 2021 dollars.
In the first three months of fiscal 2021, the federal government collected $859,898,350,000 in total taxes in constant December 2021 dollars. Thus, from last year to this year, taxes are up $191,974,650,000—or 22.3 percent—in the first three months of the fiscal year…”
It’s amazing how no matter how much in shambles the economy is taxes are always record high. To bad the government never uses the money wisely.