With it being tax season, I figured I’d check on how business is faring in keeping up on payroll tax submission. Continue reading →
New government regulations via Obamacare are making independent physicians adjust their patient volume by not taking Medicare patients according to a new study. Continue reading →
President Obama executive order issuing new overtime pay will have a big financial impact. Continue reading →
The Social Security Administration is reporting spending hit Continue reading →
CNSNews.com is reporting the federal governments 2015 first two fiscal months of tax revenue collected and how much it spent.
The U.S. Treasury continued to rake in tax dollars at a record rate in November as the federal government closed out the first two months of fiscal 2015 with $404,155,000,000 in total receipts, according to the Monthly Treasury Statement released today.
Even with these record revenues, the Treasury ran a deficit of $178.531 billion deficit in October and November as it spent $582.686 billion.
What were the sources of revenue?
The biggest source for the record federal revenue during the two-month period was the individual income tax. It brought in $192,619,000,000 in October and November. The second biggest source was “Social Insurance and Retirement Receipts,” the taxes Americans pay for Social Security and Medicare. These brought in $146,263,000,000.