Survey: 71 percent prefer Clinton’s tax plan

Sep 15th, 2016 | By | Category: Business news, Finance/Investment

Journal Staff

DOUG LINDLEY/IDAHO STATE JOURNAL Assistant Professor Dawn Konicek helps Katie Taryloe during the volunteer tax assistance class that prepares Idaho State University students to help people with their taxes.

DOUG LINDLEY/IDAHO STATE JOURNAL
Assistant Professor Dawn Konicek helps Katie Taryloe during the volunteer tax assistance class that prepares Idaho State
University students to help people with their taxes.

Over four days in August, WalletHub surveyed Americans to see what they thought about America’s tax system – particularly how American’s view Trump and Clinton’s tax plans.

This week, they released their findings.  The 2016 Tax Fairness Survey assesses opinions on tax-code complexity, income-tax structure, the fairness of taxes on everything — from investment income and corporations to alcohol and tobacco — and Clinton’s vs. Trump’s tax plan.

The following are some highlights from WalletHub’s 2016 Tax Fairness Survey:

  • In a strong rejection of the current tax code, 90 percent of respondents believe income from investments should be taxed at least as much as wages.
  • Overall, 71 percent of Americans prefer Clinton’s tax plan over Trump’s (29 percent).
  • More than half of respondents (56.74 percent) view tax fairness as more important than whatever is best for the economy (22.63 percent) and tax equality (20.63 percent).
  • Respondents view taxes on wages and corporations as least fair and taxes on alcohol and tobacco as most fair.
  • Nearly three-fifths of respondents (57.18 percent) believe corporations should face higher tax rates than consumers.
  • One in four respondents (26.27% percent) supports a flat income tax.
  • More than 75 percent of respondents rated the current tax code as either “complex” or “extremely complex.”


For the full report, please visit:
https://wallethub.com/edu/tax-fairness-survey/4171/

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