Data Point – Feds collect the most in income taxes EVAH!

by Skip

“Through March, the federal government collected approximately $695,391,000,000 in individual income taxes. That is about $7,387,280,000 more than the $688,003,720,000 in individual income taxes (in constant 2017 dollars) that the federal government collected in the first six months of fiscal 2016.”

chart-income_taxes-through_march 2017

And we’re still running a yearly deficit of almost $527 BILLION.  Most of the Federal budget (which Progressives NEVER want to mention) is “mandatory” spending – taking money from some to give to others.  Sorry, but Entitlements are NOT “mandatory” – they were created by Law and they can be modified by another Law.

The reason why it never happens is that politicians value their butts in those seats with that Power and the nice salaries and GREAT perks over the financial well being of our Republic.  LIke I keep saying, watch what happens to our debt payments as the Federal Reserve keeps hiking interest rates – and two more are supposed to be coming before the end of the year.

(H/T: CNSNews)

Leave a Comment

  • mer

    “But it’s a revenue problem and the rich aren’t paying their fair share”

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