Birdwatch Archive

Birdwatch Note Rating

2023-11-29 19:49:18 UTC - HELPFUL

Rated by Participant: 56E9A00D2FA791978719918C9AE9C2E8463C095AE64A4940D097137C667CB61B
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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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