Birdwatch Archive

Birdwatch Note Rating

2023-11-29 18:53:47 UTC - HELPFUL

Rated by Participant: E9ABD8680C473C421DA2F9B681B75F050AF3BA513CD9B19D90FA89740E8CD196
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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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All Information

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