In response to:

The Largest Tax Increase Since World War II

Jeff60 Wrote: Dec 28, 2012 2:16 PM
When the credit card limit is reached for every American, he will understand that he cannot over spend the limit and he needs to cut his expenses. However, it is totally different when it is all about the drunken arrogant sailor Obama who was able to buy the votes of the American willingly unemployed, of the willingly disable, of the willingly not paying their student loans, and of the Americans willingly not paying their mortgages by giving them free Obama checks. Obama was choosing the opposite way of self destruction with more trillions of dollars spending on buying more votes and destroying the private sector. Obama was able to rule the American people four years by bypassing US Congress and US Senate with hundreds or maybe thousands of
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...