The United States Treasury collected a record-setting tax haul in the first two months of the 2019 fiscal year; smashing estimates and raking in over $458 billion in October and November alone.
According to CNS News, the federal government took in $458,653,000,000 -the highest level on record.
“The record $458,653,000,000 in federal taxes in October and November of fiscal 2019 was up $5,280,090,000 from the $453,372,910,000 in total taxes (in constant November 2018 dollars) that the federal government collected in October and November of fiscal 2018,” writes CNS.
“Corporation income taxes, Social Security payroll taxes, excise taxes, and customs duties all increased in October and November of fiscal 2019 compared to October and November of fiscal 2018,” adds the site.
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