In response to:

The Largest Tax Increase Since World War II

Manny41 Wrote: Dec 28, 2012 12:59 PM
For years we heard Democrats bellyaching about the Bush tax cuts for the rich. The expiration of those awful tax cuts for the rich should give rise to joy in the Dem camp. Why all the anguish? Could it be that for years Obama has been lying to us?
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...