Birdwatch Note Rating
2023-12-01 15:10:32 UTC - NOT_HELPFUL
Rated by Participant: C8B5499CA297A606C07CFE93C57E10F97DF587D7845F4445A3918E1F15D39FA5
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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