Economy

ARMAGEDDON CONTINUES: Tax REVENUE Reaches ALL TIME HIGH Under Trump

posted by Hannity Staff - 3.22.18

A new report from the Census Bureau shows local and state tax revenue reached an all-time high during the first year of President Trump’s presidency; collecting a record-setting haul of over $400,000,000,000 as the US economy continues to roar to life.

“State and local governments collected a record $404,509,000,000 in individual income taxes in 2017, according to the Census Bureau,” writes CNS News. “Before 2017, the greatest level of individual income tax revenues collected by state and local governments occurred in 2015.”

Property taxes also reached record levels in 2017, smashing estimates and taking in over $573,000,000,000 for local counties and state governments throughout the US.

The strong economic data echoes similar reports from earlier this week, that show the US added over 700,000 millionaire households in 2017 alone; with economists crediting the growing stock market and business-friendly environment under the Republican-controlled Congress.