(Photo by Drew Angerer/Getty Images)
(CNSNews.com) – The federal government collected a record $2,985,636,000,000 in total taxes in the first seven months of fiscal 2022 (October through April), according to the Monthly Treasury Statement.
Before this year, the most taxes the federal government had ever collected in the first seven months of a fiscal year was fiscal 2021, when it collected $2,320,127,490,000 in constant April 2022 dollars.
In April alone, the Treasury collected $863,649,000,000 in taxes.
That was $388,192,260,000 more than the $475,456,740,000 (in constant April 2022 dollars) that the Treasury collected in taxes last April.
The record $2,985,636,000,000 in total taxes that the federal government collected in the first seven months of this fiscal year included $1,717,775,000,000 in individual income taxes; $847,876,000,000 in social insurance and retirement taxes; $215,790,000,000 in corporation income taxes; $57,722,000,000 in customs duties; $45,338,000,000 in excise taxes; $18,460,000,000 in estate and gift
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