Survey: 71 percent prefer Clinton’s tax planSep 15th, 2016 | By Sarah Glenn | Category: Business news, Finance/Investment
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: