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Title: $3,248,723,000,000: Federal Taxes Set Record in FY 2015; $21,833 Per Worker; Feds Still Run $438.9B Deficit
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URL Source: http://cnsnews.com/news/article/ter ... rd-fy-2015-21833-worker-feds-0
Published: Oct 15, 2015
Author: By Terence P. Jeffrey
Post Date: 2015-10-15 20:29:33 by HAPPY2BME-4UM
Keywords: None
Views: 289
Comments: 5
The federal government took in a record of approximately $3,248,723,000,000 in taxes in fiscal 2015 (which ended on Sept. 30), according to the Monthly Treasury Statement released today. That equaled approximately $21,833 for every person in the country who had either a full-time or part-time job in September. It is also up about $207,713,560,000 in constant 2015 dollars from the $3,041,009,440,000 in revenue (in 2015 dollars) that the Treasury raked in during fiscal 2014. Even as the Treasury was hauling in a record $3,248,723,000,000 in tax revenues in fiscal 2015, the federal government was spending $3,687,622,000,000. So, the federal government ran a deficit of $438,899,000,000 for the fiscal year. According to the Bureau of Labor Statistics, total seasonally adjusted employment in the United States in September (including both full and part-time workers) was 148,800,000. That means that the federal tax haul for fiscal 2015 equaled about $21,832.82 for every person in the United States with a job. In 2012, President Barack Obama struck a deal with Republicans in Congress to enact legislation that increased taxes. That included increasing the top income tax rate from 35 percent to 39.6 percent, increasing the top tax rate on dividends and capital gains from 15 percent to 20 percent, and phasing out personal exemptions and deductions starting at an annual income level of $250,000. An additional 3.8 percent tax on dividends, interest, capital gains and royalties--that was embedded in the Obamacare law--also took effect in 2013. The largest share of fiscal 2015's record-setting tax haul came from the individual income tax. That yielded the Treasury $1,540,802,000,000. Payroll taxes for “social insurance and retirement receipts” took in another $1,065,277,000,000. The corporate income tax brought in $343,797,000,000. 
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#1. To: HAPPY2BME-4UM (#0)
www.reuters.com/article/2...ate-idUSTRE7A261C20111103 Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each. blogs.reuters.com/david-c.../06/06/the-fortunate-400/ https://img.washingtonpost.com/wp-apps/imrs.php?src=https://img.washingtonpost.com/blogs/wonkblog/files/2015/06/income.png&w=1484
On top of his $9,225 federal income tax, he also paid $9,409 in payroll taxes, which include Social Security and Medicare taxes. Half of the payroll tax was deducted from his check. His employer paid the other half, which was really hidden wages taxed at a 100 percent tax rate. His total federal tax burden was 30.3 percent, exactly 50 percent more than the 20.2 percent tax burden, measured the same way, on the 400 at the top. Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each. blogs.reuters.com/david-c.../06/06/the-fortunate-400/ ========================================== What tax bracket are you in? U.S. Constitution - Article IV, Section 4: NO BORDERS + NO LAWS = NO COUNTRY
At .0043" thick, a stack of that many "dollar bills" would be 220,478 miles high, basically the distance to the moon. Wish I had brains for volume comparisons. www.enchantedlea rning.com/math/money/bills/one/
Without a clean slate of killing the dollar and establishing a new (global?) currency, there is no way physically possible for either the dollar to survive or pay off the US debt.
U.S. Constitution - Article IV, Section 4: NO BORDERS + NO LAWS = NO COUNTRY
It's called repudiation.
#2. To: bush_is_a_moonie, neoconsnailed (#1)
Let’s return for a moment to the single worker who made $61,500 in 2009 and paid 15 percent of his salary in federal income taxes. The top 400 made more every three hours than he did in a year, and yet many of them paid the same or a lower tax rate, according to the data in the report.
#3. To: HAPPY2BME-4UM (#2)
$3,248,723,000,000: Federal Taxes Set Record
#4. To: NeoconsNailed (#3)
(Edited)
#5. To: HAPPY2BME-4UM (#4)
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