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Title: $2,446,920,000,000: Federal Taxes Set Record Through June; $16,451 Per U.S. Worker—Feds Still Run $313B Deficit
Source:
From The Trenches
URL Source: http://www.fromthetrenchesworldrepo ... 13b-deficit/137521#more-137521
Published: Jul 14, 2015
Author: CNS News/Terence P. Jeffrey
Post Date: 2015-07-14 11:20:27 by Deckard
Keywords: None
Views: 628
Comments: 5
The federal government raked in a record of approximately $2,446,920,000,000 in tax revenues through the first nine months of fiscal 2015 (Oct. 1, 2014 through the end of June), according to the Monthly Treasury Statement released today. That equaled approximately $16,451 for every person in the country who had either a full-time or part-time job in June. It is also up about $178,156,270,000 in constant 2015 dollars from the $2,268,763,730,000 in revenue (in inflation-adjusted 2015 dollars) that the Treasury raked in during the first nine months of fiscal 2014. Despite the record tax revenues of $2,446,920,000,000 in the first nine months of this fiscal year, the government spent $2,760,301,000,000 during those nine months, and, thus, ran up a deficit of $313,381,000,000 during the period. According to the Bureau of Labor Statistics, total seasonally adjusted employment in the United States in June (including both full and part-time workers) was 148,739,000. That means that the federal tax haul so far this fiscal year has equaled $16,451 for every person in the United States with a job. In 2012, President Barack Obama struck a deal with Republicans in Congress to enact legislation that increased taxes. That included increasing the top income tax rate from 35 percent to 39.6 percent, increasing the top tax rate on dividends and capital gains from 15 percent to 20 percent, and phasing out personal exemptions and deductions starting at an annual income level of $250,000. An additional 3.8 percent tax on dividends, interests, capital gains and royalties–that was embedded in the Obamacare law–also took effect in 2013. The largest share of this year’s record-setting October-through-June tax haul came from the individual income tax. That yielded the Treasury $1,167,500,000,000. Payroll taxes for “social insurance and retirement receipts” took in another $771,048,000,000. The corporate income tax brought in $255,453,000,000. 
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#1. To: Deckard (#0)
Well, that will be enough to pay for Ovomits scheduled vacations for the rest of 2015. The first Wookies scheduled vacations will be on top of that. Si vis pacem, para bellum
A bizarre stat, considering that half the working age population is unemployed. More accurately, $8200 per worker with the balance made up from high-income earners and corporate fatcats, all while the income disparity gap gets wider. It takes some real dishonesty to portray this as a robust economic recovery story.
No matter how much they rake in, it's just never enough. They have to spend more. There are three kinds of people in the world: those that can add and those that can't
Tsk, tsk, tsk....you need to take your Kool Aid every day to prevent you from becoming a victim of incorrect thinking such as you just displayed. потому что Бог хочет это тот путь
The reason that we find it amazing is that we
" The federal government raked in a record of approximately $2,446,920,000,000 in tax revenues through the first nine months of fiscal 2015 "
#2. To: Deckard (#0)
Title: $2,446,920,000,000: Federal Taxes Set Record Through June; $16,451 Per U.S. Worker—Feds Still Run $313B Deficit
#3. To: Deckard (#0)
$2,446,920,000,000: Federal Taxes Set Record Through June; $16,451 Per U.S. Worker—Feds Still Run $313B Deficit
#4. To: TooConservative, Deckard (#2)
It takes some real dishonesty to portray this as a robust economic recovery story.
#5. To: Deckard (#0)
$2,446,920,000,000: Federal Taxes Set Record Through June
have been taxed blind.
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