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The Largest Tax Increase Since World War II

spartacus3344 Wrote: Dec 28, 2012 12:31 PM
I did and it looks like everything decreased and then leveled out from 1980 to 1987, then an increase in 1988. Even that increase didn't go above 1968 levels.
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...