Nearly $3.3 trillion: 2016 tax receipts hit record

Published October 8, 2016 12:22am ET



The Congressional Budget Office confirmed on Friday that tax receipts will hit an all-time high in fiscal 2016, with the federal government taking in nearly $3.3 trillion in revenue.

The feds raked in more than $3.268 trillion for the year, the agency reported in its monthly budget review, $19 billion more than the previous record set in 2015. The fiscal year, which runs from Oct. 1 to Sept. 30, ended on Friday.

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