Richest Americans Think Their Taxes Are Unfair

But most Americans say the richest pay too little in taxes

April 26, 2011 RSS Feed Print

The majority of Americans think the taxes they pay are fair—except for the wealthiest bracket, according to a Gallup poll. The poll, which was based on combined data collected between 2005 and 2011, suggests that 55 percent of Americans who rake in at least $250,000 a year believe the amount of taxes they pay is unfair. But the majority of Americans from all income brackets disagrees: Fifty-nine percent believe upper-income people pay too little.

The results come amidst fierce deficit-reduction debates between Republicans, who want to lower taxes, and Democrats, who want to let tax cuts for the wealthy expire. [See editorial cartoons about the federal budget and deficit.]

President Barack Obama—whose White House salary is about $400,000 a year—joked after Tax Day that he may change his mind and support decreased taxes instead. “Nobody volunteers and says, ‘boy, I’m just wild to pay more taxes,’” he said at a town hall meeting in Virginia on April 19. “There's a moment there where you look at the figure you're paying and say, ‘wow—let me think about my position on taxing the wealthy here.’” Obama added that he doesn’t think his taxes “should be even lower.”

--Mallie Jane Kim

Tags:
deficit and national debt,
income tax,
Barack Obama,
democratic party,
republican party

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The top 5% paid 57% of the total tax collected by federal, but we like to know what's their actual rate. From other source I got that the top 400 payers paid something like 17% of their total income in 2007.

How can you say it's fair when the richest only paid 17% of their income when alot middle income paid 26% or 28% AMT?

rhu of CA 1:21AM May 12, 2011

No. "TAKE" is EXACTLY what YOU want to do, by force of law, from those who have what you want. Your sole justification is that they have more stuff than you. Not exactly moral high ground, but it makes for a great Robin Hood movie if you cast all wealthy people as villains.

A person who willingly gives up their dollars in a free market only does so because they know they are acquiring something of greater value to themselves than the dollars were. They are not being robbed, and generally do not even begrudge the profit obtained by the seller, because they understand that what they have received is still of greater value to them than what they gave, else they wouldn't have given the seller their price. So there is no "taking" when someone profits from a voluntary exchange between willing parties. When they repeatedly provide a product or service at a price which is a "good deal", then they can become wealthy, earning a little profit from a lot of such mutually voluntary transactions. But what transpires is a lengthy sequence of willing exchanges, not a "taking".

Obviously there are criminals, both rich and poor. They should be held accountable to just laws, whether rich or poor. But being wealthy does not in itself make one a criminal, and neither does being poor. Do you believe these basic truths? If so, then how can you condemn an entire class of people just because they have accumulated more wealth than you? Or less? I would say a better definition of "criminal" is someone who practices or preaches the "taking" of what rightfully belongs to someone else. Someone who believes such robbery is justified simply because they have less than others, but wants to make the government do the "taking" for them, is a socialist. Such people turn their countries into Soviet Unions, Cubas, and North Koreas.

ttnewton of AK 2:44AM April 27, 2011

This argument of the richest five percent pays fifty-five percent of tax seems like a very good deal when you see them take ninety percent of the pie.

rudraiah Rajasekhar of MO 11:30PM April 26, 2011

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