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$3,835,390,000,000: Federal Tax Collections Set Record Through June

July 18, 2022

The federal government hauled in a record $3,835,390,000,000 in total taxes in the first nine months of fiscal 2022 (October through June), according to the Monthly Treasury Statement.

That was up $502,438,730,000—or 15.07 percent—from the then-record $3,332,951,270,000 (in constant June 2022 dollars) that the federal government collected in taxes in the first nine months of fiscal 2021.

The record $3,835,390,000,000 in total taxes that the federal government collected in the first nine months of this fiscal year included $2,135,472,000,000 in individual income taxes; $1,125,464,000,000 in social insurance and retirement receipts; $61,035,000,000 in excise taxes; $24,032,000,000 in estate and gift taxes; $74,181,000,000 in customs duties; and $109,154,000,000 in what the Treasury calls “miscellaneous receipts.”

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