U.S. tax revenues set another record of $2.1 trillion under Biden in last six months

Posted on AllSides April 14th, 2022
From The Right

Americans are paying a record number in taxes since President Biden entered the White House.

The U.S. Treasury announced Thursday that it collected more than $2.1 trillion in taxes between October 2021 and March of this year. The figure is the first time in history that tax collection has exceeded more than $2 trillion over six months.

Overall, more than $1.1 trillion was collected from individual income taxes, while nearly $697 billion came from social insurance and retirement taxes. For the last quarter of 2021, U.S. GDP grew by nearly 7%, reflecting the recovery from...

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