In response to:

The Largest Tax Increase Since World War II

TheoDBear Wrote: Dec 28, 2012 3:56 PM
Here is they way things went: The administration (Bill Clinton) forced lending institutions to give loans that previously would have never made it through the vetting procedure (Remember "Fair Housing") then got corrupt (Remember Barney Frank's boyfriend and his multi-million dollar deal to manage the MAC twins for example) quasi government organizations (Freddy And Fannie) to eat the bad paper The evil "W" tried to get congress to audit the MAC twins to ferret out corruption there which was blocked by an axis of corruption composed Messrs Dodd Frank and Leahy. The Mac Twins collapsed under the weight of their corruptions and since they are supported by the government needed massive infusions of capital in exchange for bad paper etc....
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...