Birdwatch Archive

Birdwatch Note Rating

2023-11-29 18:50:10 UTC - HELPFUL

Rated by Participant: 9E842FB7F7C7A88E1A10043A497C2CE37E25643027162D26C7EAB758C6B2DF9A
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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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