Obama Takes in a Record $1,185,613,000,000 in Taxes–But STILL Running a $386B Deficit

Obama has taken a record amount of taxes from us in the last year. Yet he is still running the largest spending deficit in history, too.

This out of control government spending is destroying us all.

Inflation-adjusted federal tax revenues hit a record $1,185,613,000,000 in the first five months of fiscal 2015, but the federal government still ran a $386,537,000,000 deficit during that time, according to the latest Monthly Treasury Statement.

Each month, the Treasury publishes the government’s “total receipts,” including all revenue from individual income taxes, corporate income taxes, social insurance and retirement taxes (including Social Security and Medicare taxes), unemployment insurance taxes, excise taxes, estate and gift taxes, customs duties, and “miscellaneous receipts.”

In constant 2015 dollars, the $1,185,613,000,000 that the federal government collected from October through February in fiscal 2015 was $94,803,620,000 more than the $1,090,809,380,000 it collected in October through February in fiscal 2014.

That $1,090,809,380 that the federal government brought in in October through February of fiscal 2015 is now the second-highest-ever federal tax intake through February.

I sure wish I could keep spending billions more than I take in. How about you?

Warner Todd Huston

Warner Todd Huston is a Chicago-based freelance writer, has been writing opinion editorials and social criticism since early 2001 and is featured on many websites such as Andrew Breitbart's BigGovernment.com, BigJournalsim.com and all Breitbart News' other sites, RightWingNews.com, CanadaFreePress.com, and many, many others. Additionally, he has been a frequent guest on talk-radio programs across the country to discuss his opinion editorials and current events as well as appearing on TV networks such as CNN, Fox News, Fox Business Network, and various Chicago-based news programs. He has also written for several history magazines and appears in the book "Americans on Politics, Policy and Pop Culture" which can be purchased on amazon.com. He is also the owner and operator of PubliusForum.com. Feel free to contact him with any comments or questions : EMAIL Warner Todd Huston and follow him on Twitter, on Google Plus , and Facebook.

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