Federal Government Collects Record Individual Income Taxes in FY 2018; Still Runs $779B Deficit
Monday, October 22, 2018
by Government Contractors Editorial Team
The U.S. federal government set a record in individual income tax revenue in 2018, collecting more than $1.683 trillion from taxpayers, according to the Monthly Treasury Statement released this month. The period reflects the government’s fiscal year, which runs from October 2017 to September 2018. However, while the government collected more revenue from taxpayers in history, it
- Published in Budget Deficit, Editorial Team, Federal Budget, Headline, Michael Hackmer
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