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Ridgewood NJ, With Tax Day approaching on April 18 and 73% of Americans thinking that the government does not spend their tax dollars wisely, the personal-finance website WalletHub today released its 2023 Tax Burden by State report .
Continue reading WalletHub Study: New Jersey Is 2023’s State with the 6th Highest Tax Burden
By Terence P. Jeffrey | March 10, 2017 | 4:15 PM EST
(CNSNews.com) – The federal government collected a record of approximately $611,318,000,000 in individual income tax revenues through the first five months of fiscal 2017 (Oct. 1, 2016 through the end of February), according to the Monthly Treasury Statement released today.
That is about $6,733,300,000 more than the $604,584,700,000 in individual income taxes (in constant 2017 dollars) that the federal government collected through the first five months of fiscal 2016.
Despite collecting a record amount in individual income taxes, the Treasury still ran a $348,984,000,000 deficit in the first five months of this fiscal year.
