Birdwatch Note Rating
2024-01-12 01:17:55 UTC - HELPFUL
Rated by Participant: 19A092134519AA5BF186DCC6AA15C9024719C2B998E7740735F75D93CB7ED5E5
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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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