In response to:

The Largest Tax Increase Since World War II

Georgia Boy Wrote: Dec 30, 2012 10:20 AM
Nope, it doesn't look like the largest tax increase to me. It looks like that happened in 1992. Except for increases on dividends, paid by only 20% of taxpayers, and capital gains. Of course, because these are paid by the well-to-do, the Right is getting all hysterical.
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...