Our Economy Is Doing Great!

The federal government collected a record of approximately $611,318,000,000 in individual income tax revenues through the first five months of fiscal 2017 (Oct. 1, 2016 through the end of February), according to the Monthly Treasury Statement released today.

Despite collecting a record amount in individual income taxes, the Treasury still ran a $348,984,000,000 deficit in the first five months of this fiscal year.

While collecting $1,256,553,000,000 in total revenue from October through February, the federal government spent $1,605,537,000,000—and, thus, ran a $348,984,000,000 deficit.

Individual Income Taxes

And the Trumpites cheer… who weren’t cheering during Obama’s record individual income tax collection.

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