Originally published at: GREAT AGAIN: US Treasury Takes in RECORD TAX REVENUE in May | Sean Hannity
The United States Treasury collected a record-breaking amount of personal income taxes in May; smashing estimates during the first eight months of the 2018 Fiscal Year with no signs of slowing down.
According to CNS News, the US federal government raked in a whopping $1.1 trillion in personal income taxes, breaking the previous record by over $56 billion.
“The approximately $1,143,141,000,000 in individual income taxes that the Treasury collected in October through May of this fiscal year was $56,273,800,000 more (in constant May 2018 dollars) than the $1,086,867,200,000 (in constant May 2018 dollars) in individual income taxes that the Treasury collected in October through May of fiscal 2016—which was the previous record,” writes CSN.
The strong tax haul comes on the heels of another report that showed the number of Americans receiving food assistance fell to its lowest level in over eight years; yet another sign of a robust US economy under President Trump heading into the 2018 midterm elections.
