Federal Tax Revenue at Record High But Government Still Running $598 Billion Deficit

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TREASURY-AP PHOTO-CROPPED_0

So far this year, the federal government brought in more money than ever, but even at record tax receipts, the government is far outspending its intake.

During these first 11 months of fiscal year 2014, the feds brought in $2.66 trillion in tax receipts. Despite this, the federal government is still running a $598 billion deficit, according to the latest Monthly Treasury Statement…(more)

Brietbart.com

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