Most Americans Say the Rich Arent Taxed Enough
Tax season is here and more than two-thirds of Americans think the wealthy pay too little in federal dues, according to a new poll. What's more, six in 10 say the middle class pays too much. The Associated Press-GfK poll, which comes in the wake of President Barack Obama's proposals in his 2016 budget to raise investment taxes on high-income American families, found overall that 56 of respondents think their own federal taxes are too steep. It also found widespread support for specific tax-raising measures A bid to raise capital gains taxes on households with incomes greater than 500,000 saw support at 56, while only 16 opposed it. And a new tax on banks was supported by 47, while only 13 opposed it. The estate tax did not fare as well. Thirty-six percent opposed what would require estates to pay taxes on inherited assets, while 27 approved. Despite the poll's apparent show of support for the President's proposals, none are expected to win the support of the Republican-controlled Congress. AP