The federal government collected a record $1,806,838,000,000 in total taxes through the first five months of fiscal 2022 (October through February), according to the Monthly Treasury Statement released today.
The record $1,806,838,000,000 in federal tax collections included $973,913,000,000 in individual income taxes; $577,666,000,000 in social insurance and retirement taxes; $117,072,000,000 in corporation income taxes; $40,408,000,000 in customs duties; $31,286,000,000 in excise taxes; $10,661,000,000 in estate and gift taxes; and $55,832,000,000 in what the Treasury statement calls “miscellaneous receipts.”
(H/T: CNSNews)
