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Federal deficit up 12%, individual income taxes up 7.2%, corporate income taxes down 16%
“Corporation income taxes fell to $381.4B for the full fiscal year 2026 from $452.1B in FY 2025, according to the U.S. Treasury Department's monthly statement. The One Big Beautiful Bill, passed by the Republican-controlled Congress last year, allows corporations to claim larger deductions for new investments.
That helped contribute to the country's swelling federal deficit of $1.99T for the year, up 12% Y/Y.
By contrast, income taxes from individuals increased 7.2% to $2.85T from $2.66T in the prior year.”
Biden!
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SpankyRe: Federal deficit up 12%, individual income taxes up 7.2%, corporate income taxes down 16%
OBAMA'S DEBT IS REALLY OUT OF CONTROL!!
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Re: Federal deficit up 12%, individual income taxes up 7.2%, corporate income taxes down 16%
nice link
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Diarrhetrius BrownRe: Federal deficit up 12%, individual income taxes up 7.2%, corporate income taxes down 16%
How do we fix the deficit?
Stop ALL foreign aid. No money goes beyond our border.
End all welfare such as food stamps and free housing. Let these idiots go and get one or maybe two fuqing jobs.
You want shyt? Work for it!
Cut military spending by 50%.
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Tom LeykisRe: Federal deficit up 12%, individual income taxes up 7.2%, corporate income taxes down 16%
Try as much as they like, I'm STILL voting republican, and continuing to contribute to candidates and causes I like.
Speaking of democrats, I have some cat boxes to clean. That always reminds me of DEMOCRAT ENEMIES.
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Re: Federal deficit up 12%, individual income taxes up 7.2%, corporate income taxes down 16%
Tom Leykis wrote:
bagcry.pngTry as much as they like, I'm STILL voting republican, and continuing to contribute to candidates and causes I like.
Speaking of democrats, I have some cat boxes to clean. That always reminds me of DEMOCRAT ENEMIES.
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SpankyRe: Federal deficit up 12%, individual income taxes up 7.2%, corporate income taxes down 16%
wrote:
nice link
Fair point. Fixed.
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