The Treasury collected a record $1,521,589,000,000 in individual income taxes so far this fiscal year, up nearly 4.3 percent from the same period last year adjusted for inflation, according to Treasury data released Sept. 13 and historical data.
On the other hand, the government is running a $898 billion deficit this fiscal year (ending Sept. 30). The deficit is expected to decrease by some $94 billion in the last month, according to projections by the Congressional Budget Office (CBO).
