« | »

Those Who Pay Taxes Think They’re High

[What a surprise, given that the people who earn more are paying the lion’s share of income taxes.]

From Gallup:

Americans Still Split About Whether Their Taxes Are Too High

Majority of wealthy Americans think their taxes are too high and unfair

by Lydia Saad
April 18, 2011

PRINCETON, NJ — Half of Americans believe the amount they pay in federal income taxes is too high, while 43% consider it about right and 4% too low. The 50% now calling their taxes "too high" is within the 46% to 53% range found each year since 2003. It is significantly lower than the 65% recorded in 2001, prior to implementation of former President George W. Bush’s first round of federal tax cuts…

In a recent speech outlining his vision for reducing the national debt, President Barack Obama repeated his call for repealing the Bush-era tax breaks on couples earning at least $250,000 a year. In doing so, he stated that the majority of wealthy Americans would agree that they should pay more. Not so, according to a compilation of Gallup data from the last several years

According to the combined 2005-2011 data, Americans earning at least a quarter of a million dollars are the most likely of five income groups to believe their federal income taxes are too high (67%) and the least likely to say they are fair. In fact, they are the only income group more likely to say their taxes are not fair than fair, 55% vs. 44%.

Additionally, 68% of high-income Americans believe "upper-income people" pay either their fair share or too much in federal taxes (30% and 38%, respectively), while 30% say they pay too little. This is starkly different from the views of all groups making less than $250,000, the majority of whom say upper-income people pay too little

And that, according to IRS statistics from back in 2008, of the so-called "wealthy" Americans:

The top 1% of earners pay 38.02% of all income taxes
The top 5% pay 58.72%
The top 10% pay 69.94%
The top 25% pay 86.34%
The bottom 50% pay 2.70%

And that these numbers have undoubtedly been skewed even higher under Mr. Obama.

This article was posted by Steve on Monday, April 18th, 2011. Comments are currently closed.

8 Responses to “Those Who Pay Taxes Think They’re High”

  1. Rusty Shackleford says:

    It’s not that I don’t like you, Mr Obama; It’s your inability to decipher the obvious that angers me beyond words.

  2. GetBackJack says:

    If memory serves, the legal definition of a serf was one who owed his liege 20% of the fruit of his labors.

    I’d sure like to be elevated to the level of a serf.

    Instead of Political Prisoner.

    • proreason says:

      You’re right about the 20%. The historical norm for federal taxes (including fica) is about 20% of GDP.

      Then add state income taxes, city taxes, sales taxes, property taxes, and user fees.

      But that still doesn’t really count everything. One example is the price of medical services and health insurance which are much higher that market price because the providers have jacked up the price because they have to recover undercompensation from Mediare. That’s a major hidden tax. Another major hidden tax is in the price of food, which is artificially high because of the land that is now used to grow ethanol. There are probably hundreds of examples.

      I would like to see a really comprehensive estimate of the total cost of government. I strongly suspect that it is about 40% of GDP, which means that AVERAGE people pay 40% or even more. High earners probably already pay 60% or more.

    • Rusty Shackleford says:

      I just ordered my personalized plate. It will say: #6

      If you recall, that was the number of “The Prisoner” in the TV show (and later the mini-series).

    • GetBackJack says:

      Rusty, that’s brilliant

  3. tranquil.night says:

    “I’m taking arrows from some on the far right,” he told the Rotary Club of Atlanta in an appearance with Mr. Warner on Monday. “Are some people going to pay more in taxes? You bet.”

    http://mobile.nytimes.com/2011/04/17/us/politics/17fiscal.xml

    That’s McConnell’s deficit pointman Saxby Chambliss heading the ‘Gang of Six.’

    More on this BS from Mr. Erickson: http://www.redstate.com/erick/2011/04/18/saxby-chambliss-says-senate-republicans-will-support-tax-increases/

    If the House stabbed their voters in the back, it looks like the Senate wants to unload a shotgun into their foot.

  4. Rusty Shackleford says:

    Mr Bill Cosby, explaining money to his TV “son” Theo, about “regular people”.

    http://www.youtube.com/watch?v=-1t9dg5dzQo

    As applies so aptly here, “…because, see, the government comes for the regular people first.” @ 2:04

    Every kid in school needs to see this. But the national socialists would never let it happen. In fact, a teacher would probably get fired for doing so.

  5. Mithrandir says:

    Title should have been: Do You Think the Gov’t Should Steal More of Your Money?

    I am sure they would have gotten a more accurate answer.


« Front Page | To Top
« | »