"Inflation-adjusted federal tax revenues hit a record $1.48 trillion for the first half of fiscal year 2016, but the federal government still ran a $461 billion deficit during that time, according to the latest monthly Treasury Department statement....The federal government collected $1,476,218,000,000 in the first half of fiscal year 2016.
Most of the $1.48 trillion came from individual income taxes, which comprised almost half of that total, totaling $675 billion.
...This means that since 1998, tax revenues have increased 33 percent.
Although the federal government brought in a record of approximately $1.48 trillion in revenue in the first half of fiscal 2016, according to the Treasury, it also spent approximately $1.94 trillion, leaving a deficit of approximately $461 billion."
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