The federal government collected $1,473,137,000,000 in taxes in the first half of fiscal year 2017, but still ran a $526,855,000,000 deficit during that time, according to the latest monthly Treasury Department statement.
Treasury receipts include tax revenue from individual income taxes, corporate income taxes, social insurance and retirement taxes, unemployment insurance taxes, excise taxes, estate and gift taxes, customs duties, and other miscellaneous items.
In the first half of fiscal 2017, which included the months of October, November, December, January, February, and March, the government collected a slightly lower amount of taxes than in the same period seen last year. The 2017 fiscal year begins on Oct. 1, 2016, and runs through Sept. 30, 2017.
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