Birdwatch Archive

Birdwatch Note Rating

2023-11-29 17:47:48 UTC - HELPFUL

Rated by Participant: AC8DBE4AD536B9D2D88F267805E1CE218A5F4EF34F88AFC9A51EF136ECECE014
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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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