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Townhall   magnetar   Comments
In response to:

The Largest Tax Increase Since World War II

magnetar Wrote: Dec 28, 2012 2:24 PM
shut the eff up you idiot, you know nothing of economics or whose policies did what. If we went back to 2007 budget we would have a balanced budget you moron, look up the tax revenues and 2007 expenditures. Oh that's right we havn'e had a budget in 4 yrs because the DEMOCRATS have not come up with one
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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

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