Birdwatch Note Rating
2023-11-30 08:51:57 UTC - HELPFUL
Rated by Participant: C3BE5D4B3B96840A5C5008E850CA762E7D3B0216A23F850D9E9D828C90F20DE6
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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