$240,418,000,000: Feds Collect Record Taxes in May; Still Run $88,246,000,000 Deficit

The U.S. Treasury hauled in $240,418,000,000 in total taxes in the month of May, setting a record for inflation-adjusted tax revenues for that month of the year, according to the Monthly Treasury Statement released this week. Despite these record revenues, however, the federal government still ran a deficit of $88,426,000,000 in May—because it spent $328,844,000,000 in the month.

Source: $240,418,000,000: Feds Collect Record Taxes in May; Still Run $88,246,000,000 Deficit