IPFS News Link • Economy - Economics USA
$2,472,542,000,000: Record Taxation Through August; Deficit Still $755B
• CNS NewsThat 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. Total federal spending through the first eleven months of the fiscal year was $3.228 trillion.