Record tax revenue 2018

The Federal Government Collected Record Income Tax Revenue in 2018 by Team Bongino Posted: October 16, 2018 T he United States’ economy continued to roar to life under President Trump and the Republican-controlled Congress in recent months; racking up a record-setting tax haul for the US Treasury in the 2018 fiscal year.

For the three months of fiscal 2018 prior to the tax cut, individual income tax collections rose by 10.8 percent over the equivalent period from 2017. But the rise for the seven months after the tax cut was 6.7 percent. Oct 15, 2018 · While the federal government was collecting more income taxes from individuals in fiscal 2018, it was collecting less from corporations. Total corporation income tax collections in fiscal 2018 were $204,733,000,000. In fiscal 2017, they were $303,811,700,000 (in constant September 2018 dollars). Jan 21, 2020 · U.S. federal tax revenue is the total tax receipts received by the federal government each year, and most of it is paid either through income taxes or payroll taxes. Income taxes account for 51%, payroll taxes make up 35%, corporate taxes supply 6%, and excise taxes and tariffs contribute 8%.

Jan 21, 2020 · U.S. federal tax revenue is the total tax receipts received by the federal government each year, and most of it is paid either through income taxes or payroll taxes. Income taxes account for 51%, payroll taxes make up 35%, corporate taxes supply 6%, and excise taxes and tariffs contribute 8%. The Federal Government Collected Record Income Tax Revenue in 2018 by Team Bongino Posted: October 16, 2018 T he United States’ economy continued to roar to life under President Trump and the Republican-controlled Congress in recent months; racking up a record-setting tax haul for the US Treasury in the 2018 fiscal year. The U.S. government has accumulated a record amount of tax revenue over the first nine 9 months of its 2018 fiscal year. The federal government’s budget deficit increased during these same nine months because its spending rose more than its tax revenues did. Jan 21, 2020 · U.S. federal tax revenue is the total tax receipts received by the federal government each year, and most of it is paid either through income taxes or payroll taxes. Income taxes account for 51%, payroll taxes make up 35%, corporate taxes supply 6%, and excise taxes and tariffs contribute 8%.