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Federal taxes hit record: $19,346 per worker

Published in Blog on July 18, 2017 by Convention Of States Project

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(CNSNews.com) - The federal government raked in a record of approximately $2,883,250,000,000 in tax revenues through the first eleven months of fiscal 2015 (Oct. 1, 2014 through the end of August), according to the Monthly Treasury Statement released Friday.

That equaled approximately $19,346 for every person in the country who had either a full-time or part-time job in August.

It is also up about $198,425,330,000 in constant 2015 dollars from the $2,684,824,670,000 in revenue (in inflation-adjusted 2015 dollars) that the Treasury raked in during the first eleven months of fiscal 2014.

Despite the record tax revenues of $2,883,250,000,000 in the first eleven months of this fiscal year, the government spent $3,413,210,000,000 in those eleven months, and, thus, ran up a deficit of $529,960,000,000 during the period.

Click here to read more from CNS News.

Washington, D.C., collects a record amount of taxes, and we're still massively in debt. How does that happen?

The fact is that Congress will never fix our financial woes -- they're more interested in buying constituent votes than managing the fiscal security of our country. Fortunately, an Article V Convention of States can force the federal government to get us back on track.

Click here to learn how.

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