Birdwatch Note Rating
2023-11-29 17:56:43 UTC - HELPFUL
Rated by Participant: 39098B807166CFA2C2A9039AB33C8CA5923108DED92D5889369333559F432422
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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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