Rollin' in the cash
US Treasury Sets New 1-Day Tax Receipt Record Of $85.8 Billion
Tuesday September 19th, 2006 / 0h04
WASHINGTON -(Dow Jones)- The U.*. government recorded record-high overall and corporate tax receipts on Sept. 15, which was a quarterly deadline for tax payments, the Treasury said Monday.
Total tax receipts were $85.8 billion on Friday, compared with the previous one-day record of $71 billion on Sept. 15 of last year, the Treasury said.
Within the overall figure, corporate tax receipts Friday were $71.8 billion, up from $63 billion in September of last year.
Treasury Undersecretary for Domestic Finance Randal Quarles said Friday'* numbers provided a "continuing demonstration of the strength of the U.*. economy."
"In fact, Friday'* gross receipts were the largest in a single day in the nation'* history - 20% higher than receipts on the same quarterly tax payment date last year," Quarles said in a statement.
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