Saturday, September 13, 2014

WHILST IN THE USA THE BIGGEST SPENDING BOOM GOES UNHINDERED–AS THE LIES FROM DEMOCRATS TO RAISE MORE IN TAXES TO BALANCE ANY FORM OF GOV HAS ONCE AGAIN PROVEN THAT THESE POLITICIANS WILL SPEND MORE WITH $2.66 TRILLION TAXES INTAKE INSTEAD–WITH OBAMASCARE - ONLY MEANS A BIGGER DEFICIT IN SPENDING $589 BILLION TO SPEAK OF–THE INSANE DRIVE OVER THE CLIFF PROCEEDS

Inflation-adjusted federal tax revenues hit a record $2,663,426,000,000 for the first 11 months of the fiscal year this August, but the federal government still ran a $589,185,000,000 deficit during that time, according to the latest Monthly Treasury Statement.

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.”

The largest share of the tax revenue so far this year has come from individual income taxes, which totaled $1,233,274,000,000 in the first 11 months of fiscal 2014.

http://cnsnews.com/news/article/ali-meyer/266t-tax-revenues-fy14-hit-record-through-august-gov-t-still-runs-589b

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