Tax Revenues Hit Record in First 5 Months of FY14; 5-Month Deficit Still $377B

[Origanalist]

March 17, 2014 - 2:41 PM By Ali Meyer


(CNSNews.com) - Inflation-adjusted federal tax revenues hit a record $1,104,947,000,000 in the first five months of fiscal 2014, but the federal government still ran a $377,379,000,000 deficit during that time, according to the Monthly Treasury Statement for February.

Each month, the Treasury publishes the government’s “total receipts,” including all revenue from individual income taxes, corporate income taxes, social insurance and retirement taxes (including Social Security and Medicare taxes), unemployment insurance taxes, excise taxes, estate and gift taxes, customs duties, and “miscellaneous receipts.”

In constant 2014 dollars, the $1,104,947,000,000 that the federal government collected from October through February in fiscal 2014 was $90,193,750,000 more than the $1,014,753,250,000 it collected in October through February in fiscal 2013.

http://cnsnews.com/sites/default/files/imagecache/large/images/TAX-RECEIPTS-CHART.jpg

continued...

- See more at: http://cnsnews.com/news/article/ali-meyer/tax-revenues-hit-record-first-5-months-fy14-5-month-deficit-still-377b#sthash.2SCgeEhy.dpuf

[Origanalist]

Meanwhile, DC is America's richest city. good times.....

Washington Tops List of America’s Richest Cities
http://washington.cbslocal.com/2012/10/09/washington-tops-list-of-americas-richest-cities/

[oyarde]

Yep , only 6 in ten Americans work , they can never collect enough tax to pay for it all . Zero cuts will ever make it through the current Senate , even if we got a good President . Therefore , continued failure is where it is at .

[HOLLYWOOD]

The 21 ObamaCare new or increased Fees, Taxes collected
GOProgressive Boehner, Cantor, & Paul Ryan pushing through the $650 Billion in tax increases January 2013
$4.2 Trillion in counterfeited FIAT by THE FED to enrich the Casinos and Banks on Manhattan, et al... artificial earnings, free interest, corporate/elitist welfare by government...

RICO & Fascism just wonderful Washington DC

[FindLiberty]

6 in 10...

And like perpetual motion, about half of those tax revenues are coming directly from gov job salaries that are paid from... inflation (deficit/printing press newly "printed" electronic fiat), and that same anticipated tax revenue stream that ends up mostly feeding itself.

[Zippyjuan]

In 1978, our current work force participation rate (62.5%) would have been the highest in our country's history. 67% is our highest since then.

http://data.bls.gov/generated_files/graphics/latest_numbers_LNS11300000_1960_2014_all_period_M0 2_data.gif
http://data.bls.gov/pdq/SurveyOutputServlet