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Does the Federal Reserve Pay Taxes?

How much tax did the Federal Reserve pay this year on the interest they made from money they've loaned?

  • If the Federal Reserve is independent of the U.S. government do they pay taxes on their earned income from the interest that they charge on the money they loan to the U.S government? How much did they pay to Uncle Sam this year?

  • Answer:

    100%. Any "profit" that the Fed generates goes straight back to the US Treasury.

Janis S at Yahoo! Answers Visit the source

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Dude. Learn the game of life. The profits of the Federal Reserve are deposited into the US Treasury. (So, if you want to think of that as a tax, then the Federal Reserve is taxed at 100%.)

zeuz

Any profits that the Federal Reserve generates are turned back to the US Treasury in their entirety. Therefore the "tax rate" if you want to call it that is 100%

Bash Limpbutt's Oozing Cyst©

The Federal Reserve is not entirely independent of the government (for example, the President appoints its board of governors) and it does not pay any taxes of the interest that it earns. The answers that say 100% are technically incorrect in that the money paid by the federal reserve to the government is not a tax, but their basic premise (that all the federal reserve's profits go to the government) is correct.

StephenWeinstein

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