People still want to tax the rich

A new poll shows 60% support for new taxes on the wealthy as an option to reduce the federal deficit.

By Kim Peterson Nov 28, 2012 2:31PM
Image: Wealthy woman (moodboard/Corbis)A new poll shows that most Americans -- even those making more than $100,000 a year -- still favor raising taxes on the rich.

The survey, by ABC News and The Washington Post, showed that six out of every 10 Americans approve of a tax hike for people making more than $250,000 a year. That is exactly in line with what voters in this month's presidential elections said in exit polls, according to the Post.

Not surprisingly, Democrats were most in favor of new taxes on the wealthy, with 73% supporting such a move. About 63% of independent voters were in support, but 59% of Republicans opposed taxing the rich.

Among those making more than $100,000 a year, 57% support new taxes while 42% are opposed, Politico notes.

In fact, when it came to different ways to cut the federal deficit, taxing the wealthy was the most popular option. Capping deductions on federal income taxes won far less support, even though this move would mostly impact the rich as well. Only 44% of those surveyed favored caps on deductions.

And forget about raising the age for Medicare to 67 from 65. That received only 30% support.

The poll, and others like it, may give a boost to President Obama as the White House and Republicans negotiate a way out of the so-called "fiscal cliff" that threatens to kick in next year as the Bush tax cuts expire.

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Tags: Economy
48Comments
Nov 29, 2012 2:04PM
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Grow dependency, grow the democrat party. Its been working well the last 4 years. Millions more expected. Welfare, foodstamps, subsidized housing in exchange for votes.
Nov 29, 2012 1:53PM
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Of course most americans want the rich to pay more.  That's because they aren't rich...  What a dumb poll...

 

Do most americans think the rich should pay higher SS? Yes

Do most americans think the rich should not get SS? Yes

Medicare taxes? Yes and Yes

Higher Income taxes? Yes

Should the rich pay a special "rich person only" tax? Yes

There are even a lot of americans that waht the rich to pay a tax on their net worth...

 

Americans in general are greedy and only think of themselves.  If the rich pay more then they pay less...it's simple.  There's no reason to do a poll...

Nov 29, 2012 12:20PM
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Why are we borrowing money from China and then  giving it away in the form of foreign aid? this is completeley nuts !! why should we be paying interest on money that was given to pakistan to help modify their power grid? I agree totally that we as a country are trying to spend ourselves out of trouble with borrowed money. The Government must be stopped now. Pull the troops back, end foreign "interference" stop foreign aid as we obviously cant afford it. Reduce the size of government by at least 40% ASAP.
Nov 29, 2012 10:38AM
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75% pay just 12% of the total income tax. the The top 25% pay 88%. But yet its the slugs that pay little or nothing that expect the rest to carry them even farther. Romney was right, we have so many "victims" that cant even wipe their butts without the government helping them. You cant fix stupid and lazy by taxing  the productive and responsible.
Nov 29, 2012 10:13AM
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There is a spending problem with the US Government. They don't know what the word budget means.
Nov 29, 2012 5:33AM
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Fair isn't requiring someone to contribute to SS and Medicare their whole life; then, when it's time to claim your benefits saying "Hey, you're rich, you don't need the benefits". Fair isn't requiring the wealthy and middle class to carry the tax burden for the 47% or so that pay no federal taxes. The reality is this. Those of us who pay into the entitlement programs will get back far more then we ever put in. Most folks don't remember this, but in the early 80's the government allowed, for a short time, businesses to withdraw from the SS plan. So many did that they has to close that plan and require that all join in SS. Some, very few, are born into wealth. Others, most, acquire it through their sweat and labor. The number 1 way to wealth in America is start a business. I'm not even upper middle class. By most standards, I've been broke my whole life. BUT in order to acquire what I have I worked 2 jobs for 12 years----60-70 hours a week. I'll be damned if I'm going to give my bucks to some bleeding heart liberal or some Dem hollering fair share or tax the rich!! The hell with that garbage.
Nov 28, 2012 4:46PM
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Most Americans are lazy greedy people who do nothing but covet what others have. It's a disgrace.
Nov 28, 2012 4:06PM
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These 60% of Americans are either extremely naive or ignorant. They don't realize that the upper percentile will only pass those tax increases onto them via higher premiums, fees, sur-charges, deductions or less pay. The U.S. has a SPENDING problem NOT a tax revenue problem. Increasing taxes on anyone only perpetuates the Federal government's insatiable appetite for spending. The Federal government needs to shrink in size, spend less, consume less, import less, produce more, save more and export more. If the U.S. did this GDP would easily grow  3-5% per year, until then raising taxes only puts a band-aid on the problem and doesn't address the real underlying issues.
Nov 28, 2012 2:43PM
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I wouldn't buy a GM or Chrysler car if you paid me!  I'm an aircraft mechanic by trade, and currently drive VWs, Subaru's, Mazda, and a Ford Ranger.  ALL are far superior to anything GM makes, and for good reason!

 

GM, or should I say, "YOUR TAX DOLLARS" supports corrupt union pension plans.  While you're stuck with a lousy 401k (maybe), and Obamacare, GM retirees get a golden handshake after 25 years (regardless of age); and 75% of their pre-retirement pay PLUS a great HC benefit!  All they had to do was vote for Obama!

 

While now I'm voting,,,,,,with my wallet!!  I will NEVER buy a GM product EVER!!

 

When Obama desolved this republic by executive order; when he initiated the Dream Act by Executive Fiat, I was done with this - entirely! 

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