Tax Revenues Set Record for October; Feds Still Run Monthly Deficit of $1,050 Per Household | CNS News

debt

(CNSNews.com) – The federal government has started fiscal 2015 by setting yet another record for inflation-adjusted tax revenue, while running a monthly deficit of $121.7 billion, which works out to $1050.78 in deficit spending per household in the United States.

For each $1.00 the Treasury brought in during October as it set the new record for taxes collection for that month, the federal government spent $1.57.

This continues a trend seen through fiscal 2014, which ended on Sept. 30, when the federal government took in a record $3,020,809,000,000 in revenue but still ran a deficit of $483,336,000,000.

Read complete article via Tax Revenues Set Record for October; Feds Still Run Monthly Deficit of $1,050 Per Household | CNS News.

')