In response to:

The Largest Tax Increase Since World War II

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.
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...