In response to:

The Largest Tax Increase Since World War II

Free_Markets_Free_People Wrote: Dec 28, 2012 5:05 PM
I was telling my neighbor who is a small business owner that he earned too much money where I didn't earn enough. I was using the formula which the president uses and told my neighbor he owed me $32,354. My intentions I told him was just a matter of fairness. He laughed at me. So my question is why aren't we just laughing at the president?
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...