Federal Government Collects Record Revenue In April

Washington (AP) -- The tax man is really raking it in.

The Treasury Department says federal revenue collections hit an all-time high in April, contributing to a further improvement in the budget deficit for the year.

Tax collections swell in April every year as individuals file their tax returns by the deadline. Still, the monthly budget report shows the government collected $383.6 billion last month, the largest monthly tax collection on record.

According to the report, the federal deficit through the first seven months of this budget year totals $80.8 billion. That's a lot less than the more than $184 billion imbalance run up during the first seven months of the previous budget year.

So far this year, tax revenues total $1.505 trillion, an increase of 11.2 percent over the same period last year.

Copyright 2007 by the Associated Press. All rights reserved.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to webmaster@wvlt-tv.com. Please provide detailed information.

powered by Disqus

WVLT VOLUNTEER TV

6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Gray Television, Inc. - Copyright © 2014 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 7445861