Birdwatch Archive

Birdwatch Note Rating

2023-11-29 18:17:01 UTC - HELPFUL

Rated by Participant: 5763D9EE2B5C74F60F54059E301C70B17461B80A3903497D77AEF0FD3537B712
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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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