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Call us a conservative news outlet, but we’re guided by the principles of truth, limited government under the Constitution, and personal responsibility. We are the essential news source for freedom-loving Americans. Subscribe to our podcast to enjoy readings of articles and interviews. Then head over to www.TheNewAmerican.com for free daily content, and subscribe to our printed or digital news magazine. For free top daily headlines during the work week: www.thenewamerican.com/top-daily-headlines
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Thursday Aug 16, 2018
Despite Record Individual Income Tax Collections, Federal Deficit Grows
Thursday Aug 16, 2018
Thursday Aug 16, 2018
The Treasury Department’s Monthly Treasury Statement indicated that the federal government collected a record $1,415,150,000,000 in individual income taxes through the first 10 months of fiscal 2018 (October 2017 through July 2018). Despite the increase in individual income tax revenue, the federal government ran a $683,965,000,000 deficit for that same period.
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