Birdwatch Note Rating
2023-11-29 18:29:41 UTC - HELPFUL
Rated by Participant: 46F74C12367E6D00B20688F7DAFF542374987018D4C2F065D41513CD496B1DE5
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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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