“Federal Income Taxes and Federal Spending Both Set Records in FY19”
October 29, 2019
“The amount of money the federal government collected in individual income taxes and the total amount of money the federal government spent both set records in fiscal 2019, according to the Monthly Treasury Statement released Friday afternoon.
…the federal government still ran a deficit of $984,388,000,000 during the fiscal year… the federal government collected $1,717,857,000,000 in individual income taxes… the federal government spent a record total of $4,446,584,000,000…”