July 16, 2010

Federal Tax Collections Have Not Increased; Interest From the Fed is the Reason Year-Over-Year Receipts Are Up | NewsBusters.org

Federal Tax Collections Have Not Increased; Interest From the Fed is the Reason Year-Over-Year Receipts Are Up | NewsBusters.org

Over $54 billion of it is from the Federal Reserve. As best I can tell, it represents dividends and interest on TARP lending and investments. This component of miscellaneous receipts is up by a factor of about 2.7 from fiscal 2009's

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