Feds Collect Record Individual Income Taxes in FY 2018

-Source-CNS-

The federal government collected a record $1,683,537,000,000 in individual income taxes in fiscal 2018 (October 2017 through September 2018), according to the Monthly Treasury Statement released today.

However, the federal government also ran a deficit of $778,996,000,000 during the fiscal year, according to the statement. Read more