Higher Earners Say U.S. Taxes are Too High, How Do They Compare?
Now that most people should be done filing those pesky taxes, it’s more than likely you’ll be feeling a little financial sting. Nothing unusual there. But if it seems like federal income taxes sting a bit more this year than in the past, you aren’t alone in thinking so. According to a new Gallup poll, 52 percent of Americans agree that their federal income taxes were “too high” with only 42 percent saying the amount was “about right.”
This constitutes a six point difference from two years ago. A respectable 54 percent of Americans say that their income taxes are fair, but this is reportedly less than the past eleven years, down from 64 percent in 2003 by ten percentage points.
As it turns out, the degree to which Americans feel their income taxes are fair appears to be split upon both party and income lines, with Democrats more likely to say taxes are about right and fair, at 55 percent and 69 percent respectively, while only 38 percent of Republicans say taxes are about right, and only 46 percent say they are fair. Likely it’s no coincidence that wealthier Americans are on the side of Republicans when it comes to taxes, considering the way the Republican party and Democratic party are often split based on wage, race, and gender.
Those in the $75,000 and over yearly salary range show 61 percent saying their federal income tax is too high, while those making less than $30,000 per year are only showing 49 percent saying the same, and 58 percent saying the amount is fair. Only 47 percent of the high income bracket said the amount is fair.