In response to:

The Largest Tax Increase Since World War II

Six04 Wrote: Dec 28, 2012 12:45 PM
Dems have to raise taxes because the GOP hands out money in exchange for votes. Tax cuts are paid for with loans. Loans are paid for with taxes.
spartacus3344 Wrote: Dec 28, 2012 12:55 PM
"the GOP hands out money in exchange for votes"

Yeah, this is called "projection"....
Van Lingle Mungo Wrote: Dec 28, 2012 12:49 PM
MY GOODNESS, LIBERALS ARE IDIOTS
howardhill Wrote: Dec 28, 2012 12:49 PM
the democrats social programs are just that Votes paid for with government money they buy votes with tax dollars that has been unabated since the days of FDR
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...