Treasury Collects $3 Trillion in Taxes
The federal government is raking in more money than Scrooge McDuck. In September, the Treasury Department announced they confiscated $3 trillion in tax revenue for FY2014. It was only 37 years ago that the federal government received its first trillion through taxes, according to CNSNews.com. Despite the windfall, Washington can’t seem to function without continuing to rack up huge deficits. Furthermore, The Wall Street Journal points out, the American taxpayers’ income hasn’t risen to outpace inflation, but more money has gone to feed the Leviathan. “President Obama says he won’t sign any tax or entitlement reform unless he gets an additional $1 trillion in new annual revenue,” the WSJ writes. “How about a raise for taxpayers first?”
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