Economy

Americans paying most income taxes ever

By Paul Bedard
Published May 26, 2022 3:50pm ET
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Americans paying most income taxes ever
The Treasury expects to feed on a 28% surge in individual income taxes this year and another spurt in 2025 when the Trump tax cuts expire, according to a new budget analysis presented to Congress on Thursday. The latest Congressional Budget Office report revealed expectations of $2.6 trillion in individual income taxes this year, up […]

The Treasury expects to feed on a 28% surge in individual income taxes this year and another spurt in 2025 when the Trump tax cuts expire, according to a new budget analysis presented to Congress on Thursday.

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Budgets and Deficits Congressional Budget Office GDP IRS Taxes