Ronald Reagan famously said “we have a spending problem, not a revenue problem.”
And 40 years later, it is still true.
Feds Collect Record Individual Income Taxes Through March; Still Run $599.7B Deficit
(CNSNews.com) – The federal government collected a record $736,274,000,000 in individual income taxes through the first six months of fiscal 2018 (Oct. 1, 2017 through the end of March), according to the Monthly Treasury Statement released today.