In response to:

The Largest Tax Increase Since World War II

Jerry555 Wrote: Dec 28, 2012 6:12 PM
This is part of the plan, to spend into oblivion. All that the QE does is buy toxic assets, the Fed buys the debt, from itself, what a mess this has become. This group of Liberals really have it in for the USA.
Petrus64 Wrote: Dec 28, 2012 6:27 PM
45 Billion is for the Toxic Assets. The rest is for the T-bills. They still have to buy them through the Treasury via Wall Street.
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...