The federal government collected a record $1,683,537,000 in individual income taxes in fiscal 2018 (October 2017 through September 2018), according to the Monthly Treasury Statement released today.

However, the federal government also ran a deficit of $778,996,000,000 during the fiscal year, according to the statement.

(As CNSNews.com has previously reported, the debt of the federal government–as opposed to the deficit–increased by $1,271,158,167,126.72 in fiscal 2018, according to official data published by the Treasury.)

The previous record for individual income tax collections in a fiscal year was in fiscal 2015, when the Treasury collected $1,634,657,240,000 in individual income taxes (in constant September 2018 dollars).

https://www.cnsnews.com/news/article/terence-p-jeffrey/feds-collect-record-individual-income-taxes-fy-2018

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