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The Largest Tax Increase Since World War II

Jerry555 Wrote: Dec 28, 2012 7:04 PM

That's because NOBODY is ever surprised when McCain sides with the left. Marine's Dad ------------------------ I listened to a show, and this person explained that McCain was always to the Left, he just went with this party, he married his wife and she lives in AZ, so this was a convenient way to get into politics. Any Wonder.

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Jerry555 Wrote: Dec 28, 2012 7:04 PM

Go Republican.

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Jerry555 Wrote: Dec 28, 2012 7:08 PM

What I meant that he chose Republican, easier to get into politics.

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Marine's Dad Wrote: Dec 28, 2012 7:09 PM

I figured that's what you meant. McCain can GFH for all I care.

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The Largest Tax Increase Since World War II

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...

Related Tags: Recession Barack Obama Fiscal Cliff