$4,408,452,000,000: Federal Tax Collections Set Record Through August

The federal government collected a record $4,408,452,000,000 in total taxes in the first eleven months of fiscal 2022 (October through August), according to the Monthly Treasury Statement.

That was up $525,658,170,000—or 13.5 percent--from the then-record $3,882,793,830,000 (in constant August 2022 dollars) that the federal government collected in the first eleven months of fiscal 2021.

The record $4,408,452,000,000 in total taxes that the federal government collected in the first eleven months of this fiscal year, included a record $2,404,419,000,000 in individual income taxes.

It also included $1,356,643,000,000 in social insurance and retirement...