Birdwatch Archive

Birdwatch Note Rating

2023-11-30 18:04:26 UTC - HELPFUL

Rated by Participant: 11EEE684EBEB6D01093674F26BB060A4E15EC1584843E42AA6D8EA8A6D75A5D5
Participant Details

Original Note:

While tax rates have varied greatly since WWII, federal tax receipts as a % of GDP have been very stable. The federal government taxes between 15%-17% of GDP. If the government spends more than that the deficit will rise. https://fred.stlouisfed.org/series/FYFRGDA188S https://fred.stlouisfed.org/series/IITTRHB

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All Information

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