Birdwatch Note Rating
2023-11-30 00:07:38 UTC - HELPFUL
Rated by Participant: F6C486A96F1F0F62B52892CBE2BB382404C829DB825799A9BD09E0739E586891
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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