Birdwatch Note Rating
2024-01-11 20:25:53 UTC - HELPFUL
Rated by Participant: C55BFFC57B07BE9D165E69C7EB8E8A6A5E96643EB9ACACF006CA77D14BEDE24C
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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