Nice article about the record in taxes the federal govt collected last month. We’ve had record income tax collection since the tax cuts, but corporate tax collection were way down. It was not that surprising as corps take longer to make changes than individuals. But now, the fed takes in the largest amount of corp taxes since 2015. Good job Trump and reps!
"Corporation income tax receipts, however, were significantly higher this October than they were in October 2017. This year, the Treasury collected $8,000,000,000 in corporation income taxes in October. Last year, it collected $3,823,060,000 (in constant October 2018 dollars).
The $8 billion in corporation income tax revenues the Treasury collected this October is the largest amount since October 2015, when the Treasury collected $10,893,630,000 (in constant October 2018 dollars) in corporation income taxes."