Listen to "Reality Check with Ben Swann" on Spreaker.

Feds Collect Record 2015 Tax Haul: $19,346 Per Worker

Despite collecting record-breaking tax revenue of $2.8 trillion during the 2015 fiscal year, the U.S. government has overspent by nearly $530 billion.

Must Read

Truth In Media with Ben Swann, Episode 36: C0R0NAVlRUS Cases Surging, but Deaths are Not- Here’s Why

But hold on, because once again new numbers show that the number of people who have already had this virus is vastly higher than what’s being reported… and as the number of cases is surging, the number of deaths is not- here's why.

Truth In Media with Ben Swann, Episode 35: Congress Sells Out U.S. Troops, Refusing Again To End Afghanistan War

While the New York Times and other media outlets are deeply concerned about evidence lacking and unverified reports of Russian bounties on U.S. troops, they all but ignore that the U.S. Congress has once again sold out U.S. troops in a new vote that refuses to bring them home from Afghanistan.

Truth In Media with Ben Swann, Episode 34: Ghislaine Maxwell Arrested by FBI- Is She The Center of The Entire Epstein Case?

Two senior law enforcement officials say that Ghislaine Maxwell was arrested on charges that she conspired with Jeffery Epstein to sexually abuse minors and is expected to appear in federal court later Thursday.
Michael Lotfihttp://brandfireconsulting.com
Michael Lotfi is a Persian-American political analyst and adviser living in Nashville, Tennessee. Lotfi is the founder and CEO of BrandFire Consulting LLC. The firm specializes in public and private technology centered brand development, lead generation, data aggregation, online fundraising, social media, advertising, content generation, public relations, constituency management systems, print and more. Lotfi is the former executive state director for the Tennessee Tenth Amendment Center, a think-tank focused on restraining federal overreach. Lotfi graduated with top honors from Belmont University, a private Christian university located in Nashville, Tennessee.

WASHINGTON, September 14, 2015– According to a monthly treasury statement, through the first eleven months of fiscal year 2015 (Oct. 1, 2014 – end of August), the United States federal government has collected a record-breaking haul in tax revenue. In total, the feds have collected over $2.8 trillion so far, which equals approximately $19,346 for every person in the country working full-time or part-time in August.

The largest yield of this fiscal year’s record-setting tax collections were derived from individual income tax. That netted the United States Treasury approximately $1.379 trillion. Payroll taxes for “social insurance and retirement receipts” brought in an additional $977.5 billion. Additionally, the corporate income tax brought in $268.4 billion.

It appears that the record-breaking tax revenue of $2,883,250,000,000 wasn’t enough for the federal government. Despite the extra cash, the federal government spent $3,413,210,000,000 in those eleven months, which ran up a deficit of $529,960,000,000 during the collection period.

- Newsletter -

To date, the national debt sits at approximately $18.4 trillion with each citizen’s share equaling $57.1 thousand.

The federal government’s largest expenditures are Medicaid and Medicare, Social Security, defense and war, net interest on the debt itself, federal pensions and income securities.

Also, at a 560 percent increase since fiscal year 2000, the monetary base has also been greatly expanded by the Federal Reserve to combat the great recession.

Washington shows no signs of slowing down. Almost exclusively, decreases in budget deficits have been achieved by tax increases, not decreases in federal spending.

In late 2012, Republicans joined President Obama’s proposal and agreed to raise taxes to avoid the “fiscal cliff”. Many Republicans have also joined President Obama and Democrats in calling for an internet sales tax. Meanwhile, federal spending is up 106 percent since fiscal year 2000.

FOLLOW MICHAEL LOTFI ON Facebook, Twitter & LinkedIn.

- Advertisement -

Featrued Sponsors

Unstoppable Domains

Uncensorable blockchain domains. Every domain purchase supports Ben Swann and Truth in Media

Holland Center

Holland Center is a day treatment program and medical clinic for children with autism.

Pure VPN

Military grade privacy on all devices.
- Advertisement -

Latest News

video

Truth In Media with Ben Swann, Episode 36: C0R0NAVlRUS Cases Surging, but Deaths are Not- Here’s Why

But hold on, because once again new numbers show that the number of people who have already had this virus is vastly higher than what’s being reported… and as the number of cases is surging, the number of deaths is not- here's why.
video

Truth In Media with Ben Swann, Episode 35: Congress Sells Out U.S. Troops, Refusing Again To End Afghanistan War

While the New York Times and other media outlets are deeply concerned about evidence lacking and unverified reports of Russian bounties on U.S. troops, they all but ignore that the U.S. Congress has once again sold out U.S. troops in a new vote that refuses to bring them home from Afghanistan.
video

Truth In Media with Ben Swann, Episode 34: Ghislaine Maxwell Arrested by FBI- Is She The Center of The Entire Epstein Case?

Two senior law enforcement officials say that Ghislaine Maxwell was arrested on charges that she conspired with Jeffery Epstein to sexually abuse minors and is expected to appear in federal court later Thursday.
video

Truth In Media with Ben Swann, Episode 33: Is Moderna and NIH Partnership “Rotten To The Core”?

Ben Swann takes a look at the highly unusual timeline by which Moderna Therapeutics is developing its C0-vId 19 virus vaccine.
video

Truth In Media with Ben Swann, Episode 32- Trump Administration: Syria’s Assad “Does Not” Have To Go

In this episode, Ben takes a look at how this new policy is contrary to media narrative about Syria over the past decade.
- Advertisement -

More Articles Like This