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Tax take - a record

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agman

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WASHINGTON - The government has hit a financial milestone — taking in more money in tax revenue in a single day than ever before.

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After totaling it all up, the Treasury Department announced Thursday that it had collected $61 billion on Wednesday. That surpassed the old one-day record of $56 billion set on Dec. 15, 2000.

The bulk of the revenue — $49 billion — came from corporate tax payments, also a one-day record for such receipts. The old mark was $46 billion set last Dec. 15. Wednesday's date, June 15, and Dec. 15 are both deadlines for corporations to make quarterly tax payments.

The government's coffers have been swelling this year as tax receipts from both individuals and corporations have been on the rise, reflecting an improving economy. Because of those increases, this year's federal deficit is expected to fall to around $350 billion, down from the $413 billion record in dollar terms set in 2004.

Treasury Secretary John Snow said the new record in tax revenue was "good news for our efforts to reduce the budget deficit" and further evidence of the strength of the economy
 

Mike

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What country did you say this was?????????????? :wink:

Sure wouldn't think it was this one from listening to the Dems on C-Span!
 

mrj

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Mike said:
What country did you say this was?????????????? :wink:

Sure wouldn't think it was this one from listening to the Dems on C-Span!

That fact doesn't really surprise you, does it, Mike?

It is nice to see in print the cold, hard facts about taxes paid by individuals and corporations.

Now, if we could see even within a few million $$, and as a percentage of the total budget, how much of the budget of the Dept. of Agriculture goes, not to farmers at all, but to people not even connected with food production, such as outright welfare programs.

MRJ
 

agman

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Mike said:
What country did you say this was?????????????? :wink:

Sure wouldn't think it was this one from listening to the Dems on C-Span!

Is it not amazing how many people just don't get it? An economy which is the envy of the world and all they can do is bitch.
 

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