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Record taxation through August – deficit still $755B
Posted By -NO AUTHOR- On 09/13/2013 @ 11:31 pm In Money,Politics,U.S. | No Comments
(CNS News) The federal government raked in a record of approximately $2,472,542,000,000 in tax revenues through the first eleven months of fiscal 2013, which ran from Oct. 1, 2012 through the end of August, according to the Monthly Treasury Statement for August.
That is up about $285 billion from the approximately $2,187,527,000,000 in taxes the government took in through August of fiscal 2012.
Despite these record tax revenues, the federal government still accumulated a $755 billion deficit in the first eleven months of fiscal 2013. Totally federal spending through the first eleven months of the fiscal year was $3.228 trillion.
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