During fiscal year 2023, the IRS received more than $4.7 trillion in tax revenue

General Headline:

"During fiscal year 2023, the IRS received more than $4.7 trillion in tax revenue and distributed $659 billion in federal tax refunds and other outlays. The report is prepared in accordance with the requirements of Office of Management and Budget (OMB) Circular A-136, Financial Reporting Requirements."

IRS NEWSROOM

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Important details left out:

- "Government tax revenue dropped from 5.07 Trillion, in 2022 t0 4.44 trillion in 2023."
- "Since 2015, the Revenue-to-GDP ratio has decreased from 18% to 16%."

fiscaldata.treasury.gov