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Economics Discuss $221,692,000,000: Federal Taxes Set Record for October; $1,459 Per Worker; Feds Still at the Political Forums; Record number of taxes collected and we still have a deficit. Someone tell me again how more taxes are the ...

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Old 11-13-2016, 05:58 PM
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Default $221,692,000,000: Federal Taxes Set Record for October; $1,459 Per Worker; Feds Still

Record number of taxes collected and we still have a deficit.

Someone tell me again how more taxes are the answer....

$221,692,000,000: Federal Taxes Set Record for October; $1,459 Per Worker; Feds Still Run Deficit of $44,192,000,000

(CNSNews.com) - Federal tax revenues set an all-time record of $221,692,000,000 for the month of October, according to the newly released Monthly Treasury Statement.

In constant 2016 dollars that is the most taxes the federal government has ever collected in October, which is the first month of the fiscal year.

The record $221,692,000,000 in taxes collected this October was up $6,718,330,000 from the $214,973,670,000 in constant 2016 dollars that the Treasury collected in October 2015.

Despite bringing in record tax revenue of $221,692,000,000 this October, the federal government ran a deficit of $44,192,000,000 during month. That is because federal spending in October was $265,884,000,000.

The record $221,692,000,000 in federal taxes for October equaled approximately $1,459 for every person who had either a full- or part-time job during the month. (According the Bureau of Labor Statistics, the total number of people employed in the United States in October was 151,925,000.)

The $44,192,000,000 deficit the federal government ran while collecting record tax revenue for October equaled approximately $291 for each person with a full- or part-time job.

The second highest federal tax haul in any October came in 2014, when the U.S. Treasury brought in $216,934,990,000 in tax revenue in constant 2016 dollars. The third highest was October 2015, when the Treasury brought in $214,973,670,000; and the fourth highest was October 2001, when the Treasury brought in $214,249,290,000.

Americans paid $121,576,000,000 in individual income taxes in October, according to the Monthly Treasury Statement. That accounted for the largest share of the record $221,692,000,000 in taxes the Treasury collected during the month.

Americans also paid $79,361,000,000 in Social Security and other payroll taxes during Ocotber.

The income tax on corporations brought in $2,277,000,000 during October.

Excise taxes brought in $5,707,000,000.

The Treasury also collected $3,069,000,000 in estate and gift taxes.
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Old 11-14-2016, 12:05 AM
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Default Re: $221,692,000,000: Federal Taxes Set Record for October; $1,459 Per Worker; Feds S

So if you take the amount collected in taxes and divide it by $1459 you should get the number of workers.

151,947,909.527

There are approximately 324,227,000 in the united states.

From this table POP2 Children as a percentage of the population: Persons in selected age groups as a percentage of the total U.S. population, and children ages 0-17 as a percentage of the dependent population, 1950-2015 and projected 2016-2050 we see that 22.7% of the population are between the ages of 0 and 17 and 15.3% are over the age of 65 with 62% between the ages of 18 and 64.

So working age adults will be 201,020,740

Which gives us 49,072,830 people who are not working. Note: That number gets worse for every person over the age of 65 or under the age of 18 who are working.

That's 24% of the working age population without jobs and 15% of the overall population.

I hope those without jobs is because they are independently wealthy.
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Old 11-14-2016, 07:15 AM
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Default Re: $221,692,000,000: Federal Taxes Set Record for October; $1,459 Per Worker; Feds S

This IS the reason the Democratic liberals were so badly beaten...

They were hiding this, yet we all knew.

Time to make America great once again. It will take time, and lots of hard work. We have to create a climate were business can thrive, and give it time to create those new jobs..

Our Government has never really ever created jobs outside the walls of Government. To say Government creates jobs is silly, as they never have, and never will. Another reason the left has had it's azz handed to it in the past several elections.

Regards, Kirk
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