The economy is surging, unemployment’s near a 45-year low, wages are up by nearly 3% — and the federal government is enjoying the fruits of all that “Trump Boom” labor. According to the Monthly Treasury Statement released this week, the federal government just raked in more in taxes in the first four months of the fiscal year than any other year, broke the January record for tax collection, and ran a surplus for the first time in months.

In the month of January, which reflects some of the changes from the GOP’s $1.5 trillion tax cut bill, the U.S. Department of the Treasury collected just over $361 billion (approx. $361,038,000,000) in total tax revenues, a record for the month of January.

While the feds collected $361 billion, they managed to spend about $49 billion less: $312 billion (approx. $311,802,000,000). That $49 billion surplus helped chip away at the deficit from the previous months of fiscal year 2018, which now stands at almost $176 billion ($175,718,000,000) for this fiscal year.

The total tax revenues collected in the first four months of FY2018 (approx. $1,130,550,000,000) are the most ever collected in the same period. The FY2018 revenues include $603 billion in individual income taxes, $372 billion in Social Security and other payroll taxes, $76 billion in corporate income taxes, and $81 billion in other taxes and duties. In January alone, the Treasury collected $212 billion in individual income taxes, $113 billion in Social Security and payroll taxes, $13 billion in corporate income taxes, and $23 billion in other taxes and duties.

Read more at American Action News

Subscribe
Notify of
guest
10 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
trackback
holosun 507k for sale
1 year ago

… [Trackback]

[…] Find More on on that Topic: thehollywoodconservative.us/articles/trump-just-broke-a-record-for-january/ […]

trackback
sbobet
1 year ago

… [Trackback]

[…] Find More on that Topic: thehollywoodconservative.us/articles/trump-just-broke-a-record-for-january/ […]

trackback
maxbet
11 months ago

… [Trackback]

[…] Info on that Topic: thehollywoodconservative.us/articles/trump-just-broke-a-record-for-january/ […]

trackback
y2mate.la
11 months ago

… [Trackback]

[…] Read More on on that Topic: thehollywoodconservative.us/articles/trump-just-broke-a-record-for-january/ […]

trackback
aller à
11 months ago

… [Trackback]

[…] Find More here on that Topic: thehollywoodconservative.us/articles/trump-just-broke-a-record-for-january/ […]

trackback
cvv fullz dumps
11 months ago

… [Trackback]

[…] Find More to that Topic: thehollywoodconservative.us/articles/trump-just-broke-a-record-for-january/ […]

trackback
mobile hair extensions cheshunt
9 months ago

… [Trackback]

[…] Read More on that Topic: thehollywoodconservative.us/articles/trump-just-broke-a-record-for-january/ […]

trackback
Buy DMT Vape Pen and Cartridges Perth
8 months ago

… [Trackback]

[…] Find More Info here to that Topic: thehollywoodconservative.us/articles/trump-just-broke-a-record-for-january/ […]

trackback
Hawaiian Psilocybe Mushrooms​
7 months ago

… [Trackback]

[…] Find More Information here on that Topic: thehollywoodconservative.us/articles/trump-just-broke-a-record-for-january/ […]

trackback
Institutional Repository
3 months ago

… [Trackback]

[…] Read More to that Topic: thehollywoodconservative.us/articles/trump-just-broke-a-record-for-january/ […]