By Terence P. Jeffrey | August 12, 2015 | 2:30 PM EDT
(CNSNews.com) - The federal government raked in a record of the Monthly Treasury Statement released today.
That equaled approximately $17,955 for every person in the country who had either a full-time or part-time job in June.
It is also up about $183,397,970,000 in constant 2015 dollars from the $2,489,016,030,000 in revenue (in inflation-adjusted 2015 dollars) that the Treasury raked in during the first ten months of fiscal 2014.
Despite the record tax revenues of $2,672,414,000,000 in the first ten months of this fiscal year, the government spent $3,137,953,000,000 in those ten months, and, thus, ran up a deficit of $465,539,000,000 during the period.
According to the Bureau of Labor Statistics, total seasonally adjusted employment in the United States in July (including both full and part-time workers) was 148,840,000. That means that the federal tax haul so far this fiscal year has equaled $17,954.94 for every person in the United States with a job.
In 2012, President Barack Obama struck a deal with Republicans in Congress to enact legislation that increased taxes. That included increasing the top income tax rate from 35 percent to 39.6 percent, increasing the top tax rate on dividends and capital gains from 15 percent to 20 percent, and phasing out personal exemptions and deductions starting at an annual income level of $250,000.
An additional 3.8 percent tax on dividends, interests, capital gains and royalties--that was embedded in the Obamacare law--also took effect in 2013.
The largest share of this year’s record-setting October-through-July tax haul came from the individual income tax. That yielded the Treasury $1,276,630,000,000. Payroll taxes for “social insurance and retirement receipts” took in another $894,374,000,000. The corporate income tax brought in $266,068,000,000.
Thank You Mr Jeffrey and CNS.
But Congress can Still gouge the tax payers to buy more completely defective, destructive, and illegal, thought and mood control.
Congress can Still gouge the taxpayers to fund the Unrepentant Baby Killers Of The Reactionary Left
Us Title 18 Part 1 Chapter 19 Sec. 371 Conspiracy To Defraud The United States: 5 years
Us Title 18 Part 1 Chapter 47 Sec. 1031 Major Fraud Against The United States: 10 years
Us Title 18 Part 1 Chapter 47 Sec. 1035 False Statements: 5 years
Us Title 18 Part 1 Chapter 63 Sec. 1341 Mail Fraud: Frauds and Swindles: 20 years
Us Title 18 Part 1 Chapter 63 Sec. 1347 Health Care Fraud: 10 years
Us Title 18 Part 1 Chapter 63 Sec. 1349 Attempt and Conspiracy
Us Title 18 Part 1 Chapter 95 Sec. 1957 Engaging In Monetary Transactions In Property Derived From Specified Unlawful Activity: over $10,000, 10 years.
"shall be fined under this title or imprisoned for not more than ten years,
or both;
and if personal injury results, shall be fined under this title or imprisoned for not more than twenty years,
or both;
and if death results, shall be punished by death or life imprisonment,
or shall be fined not more than $250,000, or both."
And that isn't even the half of it.
[you'll have to click the older posts button at each page's end a few times, but there are more sections of Federal Criminal Code/Laws which are being broken wholesale by the mind control/eugenic baby butcher crowd back there in our archives]
So shall we buy another few Trillion of Govt compassion?
It IS a Right, according to the low to no info people crying for it.
So shall we buy another few Trillion of Govt compassion?
It IS a Right, according to the low to no info people crying for it.
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