Tax Revenues Hit Record in First 5 Months of FY14; 5-Month Deficit Still $377B

http://www.cnsnews.com/news/article/ali-meyer/tax-revenues-hit-record-first-5-months-fy14-5-month-deficit-still-377b

The law also: “Increases the capital gains tax rate from 15% to 20% for taxpayers whose taxable income exceeds the $400,000 threshold amount.”

Although the federal government brought in a record  of approximately $1,104,947,000,000 in revenue in the first five months of fiscal 2014, according to the Treasury, it also spent approximately $1,482,327,000,000—leaving a deficit of approximately $377,379, 000,000.




Good to see Obama and the Democrats spreading my wealth, the bigger question is how much are they putting into the pool?

Inflation-adjusted federal tax revenues hit a record $1,104,947,000,000 in the first five months of fiscal 2014, but the federal government still ran a $377,379,000,000 deficit during that time, according to the Monthly Treasury Statement for February.
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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