Friday, September 10, 2010

As much as statistical analyses of American political attitudes (and there's nothing more depressing than the graphs in this story), I take solace in knowing that Americans actually aren't as confused about wealth as I sometimes imagine:

A new Gallup poll shows the majority of Americans favor letting the Bush era tax cuts to expire for the wealthy. While 37% support keeping the tax cuts for all Americans, 44% want them extended only for those making less than $250,000 and 15% think they should expire for all taxpayers.
Here's the take away from Gallup:
Gallup has typically found Americans unsympathetic to the argument that upper-income Americans are overtaxed. They generally believe upper-income Americans pay too little in taxes and favor higher taxes on wealthy Americans as a means to fund government programs, such as Social Security.

1 comment:

California Girl said...

Good post.

I consistently read about the 90% tax bracket or thereabouts for incomes over $400,000+ during the 1950's. Between the 1950s - 1970's, 5% of the GDP was used to build infrastructure nationwide. Sleek new super highways, sewage treatment plants etc created new jobs for tens of thousands of workers. At present, only 2% of GDP goes to infrastructure most of which is now 30-50 years old, crumbling and breaking. Case in point, the bridge in Miinnesta which collapsed three years ago.