The federal government collected a record $1,516,952,000,000 in total taxes through the first four months of fiscal 2022 (October through January), according to the Monthly Treasury Statement released today.
The record $1,516,952,000,000 in federal tax collections included $824,571,000,000 in individual income taxes; $469,468,000,000 in social insurance and retirement taxes; $112,248,000,000 in corporation income taxes; $32,359,000,000 in customs duties; $25,800,000,000 in excise taxes; $8,951,000,000 in estate and gift taxes; and $43,554,000,000 in what the Treasury statement calls “miscellaneous receipts.”
