Birdwatch Note Rating
2023-11-29 18:00:06 UTC - HELPFUL
Rated by Participant: C3FFA4D2F46CBC6EC5658FB8F567A538BA953C4518E6066231F43F3057C8697E
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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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