US Businesses Paid Less Than 8% of Federal Income Tax Collections Last Year

The U.S. Internal Revenue Service (IRS) on Monday released its fiscal year 2018 Data Book (October 1, 2017, through September 30, 2018). U.S. taxpayers paid a total of $3.465 trillion in taxes last year, the highest total ever. In fiscal year 2017, the total was $3.416 trillion, down from $3.333 trillion in 2016.