The United States Treasury collected a record breaking tax haul in individual income taxes throughout 2018; raking-in a whopping $1,665,484,000,000 under President Trump’s revised IRS guidelines.
“The federal government collected a record $1,665,484,000,000 in individual income taxes in calendar year 2018, according to the Monthly Treasury Statements for the year,” reports CNS News.
“Calendar year 2018 was the first full tax year after President Donald Trump signed the Tax Cuts and Jobs Act on Dec. 22, 2017,” adds the report.
The strong economic data comes as multiple Democratic presidential nominees -including Senators Elizabeth Warren- call for a massive tax hike on the wealthiest Americans.
Read the full report here.