Top tax frustration for Americans: Unequal Tax Burden on Corporations and the Wealthy
With the approaching IRS deadline, Pew Research conducted a poll on Americans' thoughts about the federal tax system. The biggest concern is that large corporations and wealthy people are not paying their fair share.
The top grievances Americans have about paying taxes:
61% say that some corporations aren’t paying their fair share
60% say that wealthy people aren’t paying their fair share
53% say the tax system is too complex - a 6% increase from 2 years ago
38% believe they are paying too much
13% say that lower income people aren’t paying their fair share
Unsurprisingly, Republicans and Democrats differ on their views about federal taxes:
77% of Democrats say they are bothered a lot by corporations and the wealthy not paying enough in federal taxes
46% of Republicans say the same about corporations
43% of Republicans say the same about the wealthy
The majority of Republicans are most frustrated with the complexity of the tax system:
59% of Republicans say this bothers them a lot
49% of Democrats agree
A small percentage in both parties say that low-income earners do not pay enough:
19% of Republicans
8% of Democrats
The majority of Americans say they pay more than their fair share in taxes; however, the largest group to feel this way is upper income Republicans, almost 30 points lower than upper income Democrats:
56% All Adults
63% of Republicans
50% of Democrats
62% of Upper Income
60% Middle Income
47% of Lower Income
76% of Upper Income Republicans
47% of Upper Income Democrats
Most support raising taxes on those who earn more than $400,000:
61% favor raising tax rates for these households
25% say taxes should be raised a lot
36% say taxes should be raised a little
20% say tax rates for this group should remain the same
17% believe taxes should be lowered for these households
These results are similar to previous years.
Should the government raise taxes on large businesses and corporations?
39% said that taxes should be raised a lot
26% said taxes should be raised a little
19% said taxes should be about the same
14% said taxes should be lowered
The opinion on raising tax rates for large businesses is strongly influenced by party affiliation, with Democrats more likely to support it than Republicans:
85% of Democrats say taxes on large corporations should be increased at least a little
45% of Republicans say the same
What do you think?
Click on this link to review the report and charts.