Friday, October 11, 2013

Government Shut Down, But Tax Collections Up

IRSIn the first nine days of October, while the federal government was in what is commonly being called a shutdown, federal tax collections went up.
Last year, from Oct. 1 through Oct. 9, 2012, according to the Daily Treasury Statement, the federal government collected $55.235 billion in total tax revenues. This year, from Oct. 1 through Oct. 9, 2013, according to the Daily Treasury Statement, the federal government collected $56.188 billion in total tax revenues.
During nine days of a shutdown this year, the federal government collected $953 million more in taxes than it did in the same nine calendar days last year--when it was open for business.
Clearly, being shutdown does not mean the government is shut out of the taxpayers’ pocketbook.
Via: CNS News

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