Feds Collect Record Income Taxes Through December; Still Run $225 Billion Deficit – CNS

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Total tax collections in the first quarter of fiscal 2018 equaled $769,512,000,000. But because the government spent $994,467,000,000 during the quarter, the Treasury ran a deficit of $224,955,000,000.

via Feds Collect Record Income Taxes Through December; Still Run $225 Billion Deficit