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Majority Of Americans Expect Increase In Taxes This Year

A slim majority of Americans believe they will pay higher taxes over the next year, according to the results of a Gallup poll released on Wednesday.

The poll showed that 53 percent of Americans think their taxes will increase during the next twelve months, while 41 percent expect no change. Just 3 percent expect to see a drop in taxes.

The results come as the tax cuts signed into law by President George W. Bush are currently due to expire at the end of December.

While President Barack Obama has called for extending the tax cuts only for the middle class, Republican lawmakers have demanded that all of the tax cuts be extended, including the tax cuts for wealthier Americans.

Gallup noted that the poll found virtually no difference in the outlook for personal taxes based on household income levels.

At the same time, the poll found that 65 percent of Republicans expect to see an increase in their taxes compared with 41 percent of Democrats. Fifty-three percent of independents expect higher taxes.

The survey also showed that 62 percent of Americans think upper-income people pay too little in taxes compared to 25 percent that think they pay their fare share.

Fifty-six percent of those surveyed said middle-income people pay their fair share in taxes, while 36 percent said they pay too much.

Gallup noted that the views on taxes paid by lower-income people were more mixed, with 40 percent saying they pay too much, 33 percent saying they pay their fair share and 24 percent saying they pay too little.

Forty-three percent of Republicans say lower-income people pay too little in taxes compared to 21 percent of independents and just 10 percent of Democrats.

The survey of 1,016 adults was conducted April 9th through 12th and has a margin of error of plus or minus 4 percentage points.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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