Birdwatch Note Rating
2023-11-30 06:53:00 UTC - HELPFUL
Rated by Participant: F2A29910B6171E32C5D6C0B578C359B6591D6A94586E9EC338EF5B73B5271E54
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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