In response to:

The Largest Tax Increase Since World War II

Hardrock Lausanne Wrote: Dec 28, 2012 1:27 PM
Doesn't bother me. I don't make more than 400k nor do I know anyone who does. Recent polls also show that those who do support such increases. Therefore I have a difficult time being upset about it.
Richard1452 Wrote: Dec 28, 2012 1:40 PM
I say it is OK for higher taxes and higher unemployment for the repeal of ObamaCare. This will test Obama and how serious he is to reduce spending.
richard1088 Wrote: Dec 28, 2012 1:35 PM
Ever study Marxism? Nah. Didn't think so, idiot.
spartacus3344 Wrote: Dec 28, 2012 1:47 PM
So then you should know that in practice Marxism is a miserable failure, right?
The Teleprompter Speaks Wrote: Dec 28, 2012 1:54 PM
What line of work is that? Most people think of work as something productive. We also know Marxism is anti-human.
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...