Federal tax receipts boom, powered by inflation - POLITICO

5/25/2022 12:00:00 AM2 years 11 months ago

CBO says receipts this year will be highest since 2000, when dot-com bubble drove a big revenue increase.

Total receipts will amount this year to $4.8 trillion or 19.6 percent of the nations economy, CBO said, which would be the most since 2000 when the Treasury Department was swimming in cash thrown off… [+2087 chars]

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