In response to:

The Largest Tax Increase Since World War II

jay_p Wrote: Dec 28, 2012 2:55 PM
What would you like to know?
DSMike Wrote: Dec 28, 2012 3:17 PM
And I will apologize for calling you drug addled and a pervert.
DSMike Wrote: Dec 28, 2012 3:14 PM
I am a computer science major as well, in software engineering now...reality is something I know very well...I will give you credit for what you have achieved but be careful of who you say has lost touch with reality in the future.
jay_p Wrote: Dec 28, 2012 3:10 PM
I grew up solidly middle class. No, I didn't serve in the military. I graduated number 5 from high school in a class of 250 and recently graduated college c-U-m laude with a degree in computer science. I worked my butt off to achieve that. Most of my college was paid for b/c of my academic achievements. And, I already had a job offer before I graduated from college. I'm not gay, and I certainly don't own a BMW. I actually own a 2008 Mazda. I'm renting an apartment and I hope to be able to purchase a townhouse within 2 years.
magnetar Wrote: Dec 28, 2012 3:02 PM
he's done nothing mommy and daddy pay for his BMW and the apartment he shares with his boyfriend in SF. Currently he is studying art history and design at Berkley
DSMike Wrote: Dec 28, 2012 3:00 PM
Just like I said...I know reality, grew up poor...we had to hunt and grow for food. Made something of myself, had bullets shot at me while in the military and paid for college myself...that is reality...what have you done that qualifies?
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...