Our government is doing a major cash grab from its constituants. From The Washington Free Beacon:
$2.88 Trillion: Gov’t Collects Record-High Taxes in First 11 Months of FY 2015
The federal government collected a record amount of taxes in the first 11 months of fiscal year 2015, exceeding $2.88 trillion in revenue, according to the latest monthly Treasury Department statement. Despite the revenue, which is still a record amount when adjusted for inflation, the federal government ran a deficit of $529 billion.
Treasury receipts include tax revenue from individual income taxes, corporate income taxes, social insurance and retirement taxes, unemployment insurance taxes, excise taxes, estate and gift taxes, customs duties, and other miscellaneous items.
In the first 11 months of fiscal year 2015, the amount of taxes collected by the federal government outpaced the first 11 months of all previous fiscal years, even after adjusting for inflation. The 2015 fiscal year begins Oct. 1, 2014, and runs through Sept. 30, 2015.
And do not forget that there is a huge difference between the Federal Deficit and the National Debt (currently standing at a bit over $18.38 trillion or $57,141 per citizen).
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