tax revenue drop Archives - Marketplace

Taxpayers aren't the only ones disappointed with taxes this year

by Savannah Maher

May 15, 2023

Federal tax revenue is coming in short while the debt ceiling remains unresolved. The problem was signaled by meager refunds.

So far this fiscal year, the IRS has brought in an estimated $250 billion less than forecast, possibly caused by lower capital gains tax receipts and postponed filing in California.

Chip Somodevilla/Getty Images

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