Feds collect record $390B in income tax still ran $225B deficit

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The Federal Government collected record income taxes in Q1 of 2018 and yet was still not able to pay its bills. CNSNEWS: The federal government collected record individual-income-tax revenues through the first quarter of fiscal 2018 (October through December), according to the new Monthly Treasury Statement. This was the last quarter before the new tax-cut […]

Personal Income in Majority of States Grew In First Quarter of 2017

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BY: Ali Meyer In 42 states, personal income grew from the past year, even after adjusting for inflation, according to a report from Pew Charitable Trusts. Personal income includes wages and salaries, benefits from Social Security, Medicare, and Medicaid, as well as employers’ contributions to retirement plans, contributions to health insurance, and income from property […]