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Thursday, April 14, 2005
 
59 Percent Believe They Pay More Tax than Donald Trump

The Tax Foundation in the US has released an interesting poll on the eve of the April 15 tax deadline. The survey shows that a majority of U.S. adults believe taxes are too high, they find the federal tax code complex, and they believe it should be reformed toward simplicity - even if it requires giving up some deductions and exemptions to do so. The survey also found some 59 percent of U.S. adults today believe they pay more federal income tax as a percentage of income than billionaire Donald Trump. Other key results include:

  • 68 percent said they favored a complete repeal of the federal estate tax.
  • 77 percent said the federal tax code needs a "complete overhaul" or major changes, compared to 18 percent who said it's fine as it is.
  • 81 percent believe the federal income tax is somewhat or very complex.
  • 66 percent rated the value received from the federal government as "poor" or "only fair."

The maximum percentage of anyone's income that should ever go to taxes is just 16 percent - far below the nation's estimated total tax burden of 29.1 in 2005. 59 percent of respondents said it was unfair that an estimated 44 million Americans file tax returns but pay no income tax after deductions and credits, and that everyone should be required to pay some minimum amount of tax to help fund government.

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