Birdwatch Note Rating
2023-11-29 17:48:25 UTC - HELPFUL
Rated by Participant: AA5D84B8DE707EDE56977D3D50C15D6D2902DEA75C5EAA0952A9631B7B9A2781
Participant Details
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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