Saturday, September 18, 2021

Record Tax Collection, Spending, Debt


The United States federal government collected a record $3,586,456,000,000 in total taxes through the first eleven months of fiscal 2021 (October 2020 through August 2021), according to the Monthly Treasury Statement. The federal government also collected a record $1,829,589,000,000 in individual income taxes in that same period.

However, because the federal government somehow managed to spend $6,297,090,000,000, the Treasury still ran a deficit of $2,710,634,000,000. Stupefying.

And the Biden administration and most of its fellow Democratic lunatics-in-power want to enact a $3.5 trillion tax increase. Anyone know a stronger word than “stupefying?”

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