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] Quiet action continues with the S&P 500 holding onto the 2,000 level. The benchmark index spiked above that level during the late morning, but has been inching away from its session high (2003.25) since then. The index bounced a little upon returning to the 2,000 level, but slipped back to that mark shortly thereafter.
Elsewhere, the Dow Jones Industrial Average (-0.1%) remains below its flat line, while the Nasdaq Composite (+0.4%) continues hovering near its high. ... More
More Market News
Here's how you can get on the bandwagon with telecom gear, cloud-based software and data analytics.
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'