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Wednesday, April 16, 2014

Tax Revenues Hit Record for First Half of FY 2014

 http://www.cnsnews.com/news/article/ali-meyer/tax-revenues-hit-record-first-half-fy-2014

Inflation-adjusted federal tax revenues hit a record $1,320,793,000,000 in the first half of fiscal 2014, but the federal government still ran a $413,264,000,000 deficit during that time, according to the Monthly Treasury Statement for March.

Each month, the Treasury publishes the government’s “total receipts,” including all revenue from individual income taxes, corporate income taxes, social insurance and retirement taxes (including Social Security and Medicare taxes), unemployment insurance taxes, excise taxes, estate and gift taxes, customs duties, and “miscellaneous receipts.”

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