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IPFS News Link • TAXES: Federal

$1,914,651,000,000: FY2016 Taxes Set Record Through April; $12,679 Per Worker;

• http://www.cnsnews.com, By Terence P. Jeffrey

The U.S. Treasury raked in a record of approximately $1,914,651,000,000 in tax revenues in the first seven months of fiscal 2016 (Oct. 1, 2015 through April 30, 2016), according to the Monthly Treasury Statement released today.

That is up about $14,151,330,000--in constant 2016 dollars—from the approximately $1,900,499,670,000 in constant 2016 dollars the Treasury collected in the first seven months of fiscal 2015.

(Tax revenues from previous years were adjusted to 2016 dollars using the Bureau of Labor Statistics Inflation Calculator.)


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