Birdwatch Archive

Birdwatch Note Rating

2024-08-16 02:41:33 UTC - NOT_HELPFUL

Rated by Participant: D6EB05CF432B2593267986E32AC071EB508F30F2FAE8E51D2ACCE5BCB829C950
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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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