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World One-Third of Trump Voters Say Rich People Should Pay More Taxes: Poll

04:55  15 april  2021
04:55  15 april  2021 Source:   newsweek.com

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American voters seems relatively united when it comes to taxing ultra-wealthy citizens. 1 -2, found that 76% of registered voters surveyed think wealthy Americans should pay more taxes . A recent Fox News poll about raising taxes . Research by Yahoo Finance and others previously indicated that many Americans feel Trump -era tax cuts disproportionately benefited corporations and the wealthy.

A majority of Americans believe that the wealthy should pay more in taxes, while about one-third of those who voted for former President Donald Trump in 2020 agree, according to a new poll.

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A poll released Wednesday by The Hill-HarrisX found that although 54 percent of all Americans believe that high income earners should pay more than they currently do in income taxes, the same was true of only 33 percent of Trump voters. Among those who voted for President Joe Biden, 69 percent believed that high income earners should see a tax increase.

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76 per cent said wealthy should pay more in new Politico / Morning Consult poll . One of President Trump 's main legislative accomplishments included a steep reduction in corporate tax rates as well as income tax rate cuts. The law also doubled the exemption for assets from the estate tax , to an estate of million for couples. Sen. Elizabeth Warren of Massachusetts, a presidential candidate from her part's left flank, has come out for a 2 per cent 'wealth tax ' on households worth at least million.

Trump 's tax proposal, released last September, included broad tax breaks for businesses and households. He proposed reducing the highest income- tax rate to 25 percent from the current 39.6 percent rate. Pressed on the contradiction between his latest comments on taxes and the September tax plan, Trump said that he expected his Senator Rand Paul (R., Ky.) warned Friday that one - third of Republican voters could leave the party if GOP senators vote in impeachment proceedings to convict President Trump . Paul made the comments in an interview on Fox News’ The Ingraham Angle.

The split among those affiliated with the Republican and Democratic parties was similar, with 38 percent and 70 percent agreeing with a tax increase for the rich, respectively. Majorities of 58 percent for Trump voters and 53 percent for all Republicans believed that high income earners already "pay their fair share" in taxes, while only 25 percent of Biden voters and 24 percent of Democrats agreed.

The same overall 54 percent majority that agreed with a tax increase for high income earners existed regardless of whether respondents earned more or less than $75,000 per year. However, those earning more than $75,000 were slightly more likely to say that the rich "should pay less," at 11 percent versus 6 percent.

Trump and Biden voters largely agreed on taxes for middle income earners. A 62 percent majority of Trump voters and a 61 percent majority of Biden voters said middle income earners pay their fair share, while 33 percent and 30 percent said they should pay less.

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Granted, as many tax cut supporters point out, high-income earners are usually the people who pay the most in According to a new Reuters/Ipsos poll , nearly two- thirds of respondents strongly agreed or In a Politico/Morning Consult poll from February 2019, 76% of registered voters agreed that the

Sen. Elizabeth Warren said polling numbers suggesting fairly wide public support for plans like hers to tax the rich did not come as any shock. | Scott Eisen/Getty Images. Surveys are showing overwhelming support for raising taxes on top earners, including a new POLITICO/Morning Consult poll released Monday that found 76 percent of registered voters believe the wealthiest Americans should pay more in taxes . A recent Fox News survey showed that 70 percent of Americans favor raising taxes on those earning over million — including 54 percent of Republicans.

Biden voters were more likely to say that low income earners should pay less than they currently do, at 63 percent compared to 41 percent for Trump voters. No more than 10 percent of respondents, regardless of whether they were Republicans, Democrats or who they voted for in the 2020 election, believed that middle or low income earners should pay more.

The poll was conducted online among 2,816 registered voters between April 9 and April 12. It has a margin of error of 1.85 percent.

A report released last month, authored by IRS researchers and experts from the National Bureau of Economic Research, found that those in the top 1 percent of U.S. income earners fail to report at least 21 percent of their income to the IRS. Only 7 percent of the income of those in the bottom half of U.S. earners went unreported.

Of the 21 percent of unreported income by the wealthy, at least 6 percent is believed to have been hidden using avoidance methods like foreign bank accounts that are not reported to U.S. authorities. The report found that "offshore tax evasion goes almost entirely undetected in random audits."

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The new poll found a higher percentage of respondents agreeing the wealthiest should pay more taxes than in polls conducted in previous years. A Huffington Post/YouGov survey of 1 ,000 American adults interviewed over three days in April 2016 found that two- thirds , or 67 percent, thought Furthermore, most respondents supported President Barack Obama’s proposal to raise investment taxes on high-income households. Trump , who has long been criticized for refusing to release his tax returns, was scheduled to visit Harrisburg, Pennsylvania, on Wednesday to tell workers and truckers

Moreover, sorry to say , the tax cut was outrageously irresponsible because the GOP Congress simultaneously increased spending, to levels even greater than sought by President Barack Obama. The annual deficit will be about $ 1 trillion this year and $ 1 .5 trillion in a decade. They should stop waiting on others before doing their duty. They should act now, this tax season, like the patriots motivated by love of country they claim to be. Doug Bandow is a Senior Fellow at the Cato Institute. He is a former Special Assistant to President Ronald Reagan and the author of several books, including

Lost federal revenue from taxes that would apply to unreported income could amount to $600 billion this year and over $7.5 trillion over the next decade, according to The New York Times.

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