In response to:

The Largest Tax Increase Since World War II

Neil99 Wrote: Dec 28, 2012 3:38 PM
I'm sorry that I can't agree. Both houses of Congress and the President have had many proposals. They are all separate with their own ideas, just so happens that they can't agree. However since all Revenue bills must originate in the HR, they carry a greater responsibility to work with the other two branches for an acceptable law.
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...