$2,472,542,000,000: Record Taxation Through August; Deficit Still $755B

Mostly out of paradigm fiscal reporting at CNS News on the Treasury reporting all time high tax receipts through the first 11 months of this fiscal year.

There is an interesting chart at the link which tracks current year tax receipts from 1998 through the present.

Tax receipts in 1998 are listed as about $1.5T and this year, they are at about $2.5T so we can see taxes are running at about a $1T annual rate higher this year than 15 years ago.

As "government spends first, and then collects the taxes", correspondingly the Treasury is reporting their Federal "outlays" in excess of $3.2T for this year  and a review of "outlays" in 1998 indicates "outlays" that year of $1.65T.

So we can see that this year in FY 2013, federal tax receipts exceed 1998 levels of "outlays" by almost $1T which would of course be impossible if Federal "outlays" did not rise by well over this $1T difference over that same period of time.

On a side note, we can see that federal outlays have risen from $1.65T in 1998 to over $3.2T this year which is about a double; it is interesting to note that S&P 500 earnings over this same period have about doubled also.... gee, I wonder where the S&P firms "get the money from" to support this type of sales and earnings increase?