America doesn't have a revenue problem, but year-after-year, continues to have a Congressional spending problem.

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Summary:

The federal government collected a record $2,985,636,000,000 in total taxes in the first seven months of fiscal 2022 (October through April), according to the Monthly Treasury Statement.

The record $2,985,636,000,000 in total taxes that the federal government collected in the first seven months of this fiscal year included:

$1,717,775,000,000 in individual income taxes;

$847,876,000,000 in social insurance and retirement taxes;

$215,790,000,000 in corporation income taxes;

$57,722,000,000 in customs duties;

$45,338,000,000 in excise taxes; $18,460,000,000 in estate and gift taxes; and

$83,131,000,000 in “miscellaneous receipts.”

Despite the fact that it collected a record $2,985,636,000,000 in the first seven months of this fiscal year, the Treasury still ran a deficit of $360,003,000,000 during that period because the federal government spent $3,345,639,000,000.

The Department of Health and Human Services continued to lead federal departments and agencies in spending through the first seven months of the fiscal year. Through April it spent $964,153,000,000.

The Social Security Administration was second in spending with $735,472,000,000 in outlays.

The Department of Defense-Military Programs was third with $416,561,000,000 in outlays.

The next highest category of federal spending was the $350,340,000,000 in interest that the Treasury had to pay on the federal debt.