Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January

Any topic with a chance of polarization - Not for the easily offended.

Moderator: Team

Post Reply
1989TransAm
Guru
Guru
Posts: 5556
Joined: Thu Feb 15, 2007 8:43 pm
Location: Cypress, California

Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January

Post by 1989TransAm » Tue Feb 13, 2018 3:14 pm

"The federal government this January ran a surplus while collecting record total tax revenues for that month of the year, according to the Monthly Treasury Statement released today.
January was the first month under the new tax law that President Donald Trump signed in December.
During January, the Treasury collected approximately $361,038,000,000 in total tax revenues and spent a total of approximately $311,802,000,000 to run a surplus of approximately $49,236,000,000.
Despite the monthly surplus of $49,236,000,000, the federal government is still running a deficit of approximately $175,718,000,000 for fiscal year 2018. That is because the government entered the month with a deficit of approximately $224,955,000,000."

https://www.cnsnews.com/news/article/te ... un-surplus

sanfordandson
Guru
Guru
Posts: 4040
Joined: Sat May 20, 2006 6:28 pm

Re: Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January

Post by sanfordandson » Tue Feb 13, 2018 4:16 pm

Ouch that deficit looks nasty. Not even record tax collection helps...

User avatar
Ken0069
Guru
Guru
Posts: 3571
Joined: Sun Jun 05, 2005 10:25 am
Location: Historic Appomattox County, Va
Contact:

Re: Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January

Post by Ken0069 » Tue Feb 13, 2018 7:09 pm

Then there's this? :shock:

Image
"Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves."
William Pitt, British Prime-Minister (1759-1806)


Big Boyz Toyz!

Global Warming Is a FRAUD!

Post Reply