Today news
About the same in other media
Individual Income Tax Payments on Pace to Reach Record Level
Reading now: 891
WASHINGTON—An unprecedented gush of income tax revenue is flowing into the federal government, driven in part by investors and business owners, and the size and speed of the increase has surprised even the nation’s fiscal-policy experts.
Individual income tax collections are poised to reach $2.6 trillion, or 10.6% of the economy in the fiscal year that ends Sept. 30, according to the Congressional Budget Office. That is up from 9.1% in 2021 and would mark a record in the 109-year history of the tax, topping the war-tax receipts of 1944 and the dot-com boom of 2000.
Read more on wsj.comAbout this in other media
GOP Offers Tax, Trade Policies Aimed at Combating Inflation wsj.com /2 years ago
Treasury to Extend Sanctions Carve-Out for Russian Energy Payments wsj.com /2 years ago
Stocks making the biggest moves midday: Astra Space, Amazon, Revlon, Prologis & more cnbc.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
