(CNSNews.com) – Federal tax revenues set an all-time record of $221,692,000,000 for the month of October, according to the newly released Monthly Treasury Statement.
In constant 2016 dollars that is the most taxes the federal government has ever collected in October, which is the first month of the fiscal year.
The record $221,692,000,000 in taxes collected this October was up $6,718,330,000 from the $214,973,670,000 in constant 2016 dollars that the Treasury collected in October 2015.
Despite bringing in record tax revenue of $221,692,000,000 this October, the federal government ran a deficit of $44,192,000,000 during month. That is because federal spending in October was $265,884,000,000. full story
So please tell me once more why anyone should have to pay more in taxes when the government is spending more than is coming in? The American people, be they rich, middle class, or poor, could never pay enough because the current administration and surrounding cast of senate and house spend more than comes in. Until that issue is addressed, no one’s taxes should go up one cent! It’s a good thing Trump has proposed massive tax cuts because the
people taxpayers of the United States have been used and abused by this administration. Follow me on Twitter @RhettOctober