$2,121,987,000,000: Federal Tax Collections Set Record Through March

The federal government collected a record $2,121,987,000,000 in total taxes through the first six months of fiscal 2022 (October through March), according to the Monthly Treasury Statement.

This also marked the first time that federal tax collections have exceeded $2 trillion in the first half of a fiscal year.

Prior to this year, the most taxes the federal government ever collected in the first six months of a fiscal year was in fiscal 2021, when the Treasury collected $1,849,508,090,000 in taxes (in constant March 2022 dollars) in the October-through-March period.

The...