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Finance and Economy

Federal tax receipts through August hit record $2.9 trillion

By Rudy Takala
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Federal tax receipts through August hit record $2.9 trillion

Federal tax receipts for the first eleven months of the fiscal year hit a new record in August, according to the Congressional Budget Office, and reached a total of $2.909 trillion by the end of the month.

The feds took in $26 billion more than the previous record for the same period, according to the agency’s monthly budget review, set in 2015. The change was negligible after adjusting for inflation, for a difference of less than $20 billion.

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Budgets and Deficits Congressional Budget Office Debt Ceiling Minusextra Rudy Takala Taxes Treasury Department Watchdog