Birdwatch Note Rating
2023-11-29 21:30:43 UTC - HELPFUL
Rated by Participant: F352C0B4F3798FC1B0EA456F96EDE0E03CB79F0FB99142C23F8F0D27D9DDC582
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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