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The Largest Tax Increase Since World War II

annfan_777 Wrote: Dec 28, 2012 2:02 PM

Six04 Wrote: 30 minutes ago (1:28 PM) Who woulda thunk that 12 years of war and global domination would actually cost money. --------------- In your case, there's no thinking going on at all.

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rbartlett Wrote: Dec 28, 2012 2:05 PM

In Six04's universe government is for writing welfare checks and saving humanity from itself.

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The Largest Tax Increase Since World War II

Fully going over the fiscal cliff would be the largest tax increase since World War II, according to the Tax Foundation and will result in the highest top tax rates in decades. They've composed a chart tracking marginal rates since 1954. Take a look at the end, and the size of the jump projected in tax rates:

Keep in mind that as rates have come down, average tax revenue has stayed roughly the same. Reforms to the U.S. tax code have given us one of the most - if not the single most - progressive...

Related Tags: Recession Barack Obama Fiscal Cliff