Some Americans actually enjoy doing their taxes
A new survey says a surprisingly large group -- one-third of taxpayers -- doesn't mind the annual April ritual.
Are you dreading the April 15 tax deadline? You're not alone: A national survey by the Pew Research Center, conducted earlier this month, says more than half of Americans have a negative reaction to doing their income taxes. More surprising, however, is the one-third who said they either like (29%) or downright love (5%) doing their taxes.
The study also offers an interesting glimpse at American taxpayers, in terms of their income levels, political affiliations and moral compasses.
Let's start with the majority of Americans, for whom grumbling over taxes is an annual pastime. When asked why they dislike or hate doing their taxes, most of those surveyed cited the time needed and the hassle of getting the necessary paperwork together. Just over 30% say it's complicated, and they fear making mistakes. An additional 24% find the process inconvenient and time-consuming, 12% don't like how the government uses their tax money, and 5% feel they're paying too much.
As for those who enjoy doing their income taxes: 29% say they're getting a refund. An additional 17% simply don't mind preparing their taxes or say they're good at it. And 13%, according to the study, "say doing their taxes gives them a sense of control, while the same percentage cites a feeling of obligation -- that it is their duty to pay their fair share."
Some other interesting factoids: Lower-income taxpayers are more likely to have a positive take on doing their taxes than folks with higher incomes. There's also a political divide: 60% of Republicans surveyed said they disliked or hated doing their taxes, compared to 46% of Democrats and 62% of independents.
There's also an ethical perspective: 71% of Americans (78% of Republicans, 68% of Democrats and 69% of independents) taking part in the poll agreed that not reporting all income on your taxes is morally wrong. That compared to the 19% surveyed who don't see that as a moral issue, and the 6% who say underreporting is morally acceptable.
Heck, it'd be hard to get ten people in a room and only have one that thinks our taxes are spent poorly---or 20 in a room with only one thinking they pay too much.
That's just two of the statistics, the most of the others seem dubious as well.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The major averages began the new trading week on a slightly lower note with small caps leading the weakness. The Russell 2000 shed 0.3% while the S&P 500 slipped less than a point with six sectors ending in the red.
Equity indices began the day in negative territory with only the Nasdaq (-0.04%) making a very brief appearance in the green. After sliding through the first hour of action, the major averages reversed and spent the remainder of the session climbing off ... More
More Market News
Like many companies this winter, the fast-food giant blamed a drop in same-store sales on the weather. But could its problems be bigger than a snowbank?
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'