Birdwatch Note Rating
2023-11-29 18:57:41 UTC - HELPFUL
Rated by Participant: E1CB2B905C27EB94C7AA4B80AEC71633794C922AD2404CBE2C38C01A6F61C5F9
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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