In the First Quarter of this fiscal year, October through January, the federal government collected a record-breaking 1,084,840,000,000 of your hard-earned dollars and turned around and blew it all in the same time frame. In fact, they spent $1,241,780,000,000 which is more than a $156 billion deficit. Surprise, surprise.
In the month of January alone, the Treasury Department collected over $344 billion in tax revenue. Most of the trillion dollar amount came from individual income taxes ($550 billion), then from Social Security and other payroll taxes ($361 billion), and then corporate taxes ($84 billion).
With over 152 million people employed in the U.S. between October and January, each person paid an average of $7,133.
Here’s a handy chart to show the government isn’t shrinking a bit:

President Trump will soon be laying out his tax agenda and is expected to make good on his promise of slicing corporate taxes, as Legal Insurrection notes. He of all people should know you can’t spend more than you make. Or is it take?

