MONEY COMING IN - Tax receipts for fiscal year 2016 (i.e., the
12 months that will end on 9/30/16) are projected to be 17.8% of
the size of the US economy. Tax receipts (as a percentage of
the economy) have exceeded 17.8% only 20 times in the last
85 years (source: Office of Management and Budget).
IN JUST ONE YEAR - The US government reported a national
debt of $18.151 trillion as of 8/31/15. The US government
reported a national debt of $19.510 trillion as of 8/31/16 (source:
Treasury Department).
12 months that will end on 9/30/16) are projected to be 17.8% of
the size of the US economy. Tax receipts (as a percentage of
the economy) have exceeded 17.8% only 20 times in the last
85 years (source: Office of Management and Budget).
IN JUST ONE YEAR - The US government reported a national
debt of $18.151 trillion as of 8/31/15. The US government
reported a national debt of $19.510 trillion as of 8/31/16 (source:
Treasury Department).
