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75% Think The Rich Should Pay Lower Taxes

From The Hill:

Hill Poll: Likely voters prefer lower individual, business tax rates

By Peter Schroeder – 02/27/12

Three-quarters of likely voters believe the nation’s top earners should pay lower, not higher, tax rates, according to a new poll for The Hill.

The big majority opted for a lower tax bill when asked to choose specific rates; precisely 75 percent said the right level for top earners was 30 percent or below.

The current rate for top earners is 35 percent. Only 4 percent thought it was appropriate to take 40 percent, which is approximately the level that President Obama is seeking from January 2013 onward.

Only 4% agree with Obama, which is probably within the poll’s margin of error. So it is possible that nobody in this poll actually agreed with Obama’s plan to tax ‘the rich’ at 40%.

The Hill Poll also found that 73 percent of likely voters believe corporations should pay a lower rate than the current 35 percent, as both the White House and Republicans push plans to lower rates.

Except the truth is Mr. Obama wants to increase taxes on corporations by $250 billion dollars over the next ten years. He also wants to create a new ‘minimum tax’ on multinational companies.

Obama has no intentions whatsoever of lowering corporate taxes.

The new data seem to run counter to several polls that have found support for raising taxes on high-income earners. In an Associated Press-GfK poll released Friday, 65 percent said they favored President Obama’s “Buffett Rule” that millionaires should pay at least 30 percent of their income. And a Pew poll conducted in June found 66 percent of adults favored raising taxes on those making more than $250,000 as a way to tackle the deficit.

But The Hill poll found that a dramatically different picture emerges when voters are asked to specify the “most appropriate” rates.

“If you ask people, ‘Should families with more than $250,000 pay a higher tax rate?’ you would get a lot of yeses on that,” said Clint Stretch, managing principal of tax policy at Deloitte Tax LLP. “And yet … you’ve got 75 percent of the answers are suggesting high-income people should have a lower tax rate, and that’s an astonishing result.”

No it isn’t. Class warfare has never been popular in the United States. It is a foreign concept.

One possible explanation is voters may not know how much the nation’s top earners are already being taxed. The poll did not ask voters to identify current tax rates before saying what rate they favored

Yeah, that’s it. Americans are just stupid. There is no other possible explanation.

The data could indicate a challenge to Obama’s push to increase taxes on the wealthy

Could? What would it take for their to be a red flag? To have 95% oppose his plans. (Come to think of that, we already have that, since only 4% support it.)

The Hill Poll, conducted by Pulse Opinion Research of 1,000 likely voters, also found broad support for lower rates across income groups. The group most supportive of lowering tax rates on the wealthy below current rates made between $20,000 and $40,000 a year; 81 percent supported tax rates of 30 percent or lower

Which, all in all, is a very hopeful sign. But of course bad news for the Obama campaign and his Occupy Wall Street foot soldiers.

But it is probably too late for them to change their tactics now. The bumper stickers have been made, the T-shirts have been printed.

This article was posted by Steve on Tuesday, February 28th, 2012. Comments are currently closed.

2 Responses to “75% Think The Rich Should Pay Lower Taxes”

  1. Petronius says:

    We must tax our way to prosperity.

    “If you ask people, ‘Should families with more than $250,000 pay a higher tax rate?’ you would get a lot of yeses….”

    Yes indeed. Because in Nerobama’s new, transformed America confiscation and redistribution is now the law, so that innocent people are treated as if they were criminals, and because predation on the innocent is not just legalized but is institutionalized across society and accepted as the new standard of behavior for the governing class.

  2. GetBackJack says:

    I’ve been over the Constitution with a fine tooth comb and I cannot find any reference or inference that we are to divide ourselves into classifications and pay a tax on our incomes accordingly.

    In fact, I cannot find any reference or inference that we should pay any kind of tax on our incomes, period.

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