Birdwatch Note Rating
2023-11-29 17:47:24 UTC - HELPFUL
Rated by Participant: 6C3E2BA5CE3C33E345DB8C0106C1E2B1C2DD644C4E6CA1CCFE83D4D8EF479068
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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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