The federal government took in a record of approximately $3,248,723,000,000 in taxes in fiscal 2015 (which ended on Sept. 30), according to the Monthly Treasury Statement released today.
That equaled approximately $21,833 for every person in the country who had either a full-time or part-time job in September.
It is also up about $212,927,100,000 in constant 2015 dollars from the $3,035,795,900,000 in revenue (in 2015 dollars) that the Treasury raked in during fiscal 2014.
Even as the Treasury was hauling in a record $3,248,723,000,000 in tax revenues in fiscal 2015, the federal government was spending $3,687,622,000,000. So, the federal government ran a deficit of $438,899,000,000 for the fiscal year.
According to the Bureau of Labor Statistics, total seasonally adjusted employment in the United States in September (including both full and part-time workers) was 148,800,000. That means that the federal tax haul for fiscal 2015 equaled about $21,832.82 for every person in the United States with a job.
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No entity can survive running this kind of deficit. The Spending and Debt Crisis threatens our country’s survival. It will crush our children and grandchildren with a tax burden they’ll never be able to pay and from which they’ll never have benefited.
There is an answer to the tax-and-spend nightmare: a Convention of States, as provided for in the Constitution. This is the most effective way to reel in a runaway federal government, which will not respond to the pleas of taxpayers, both current and future. Join us as we bring the Convention of States petition to all 50 states to stop the leviathan in Washington, DC. For more information, please see www.conventionofstates.com.
