July 25, 2014

Press Release

Tax Investment Survey: 90% say investment income should be taxed higher

| 6/2/2014
WalletHub just released the 2014 Tax Fairness Survey which assesses opinions on tax code complexity, income tax structure, and the fairness of taxes on everything from investment income and corporations to alcohol and tobacco.

Key findings from our 2014 Tax Fairness Survey include:
  • In a strong rejection of the current tax code, 90% of respondents believe income from investments should be taxed at least as much as wages.
     
  • Americans view tax fairness (61.23%) and tax equality (20.81%) as more important than whatever is best for the economy (17.96%).
     
  • Respondents view taxes on wages and gasoline as least fair; taxes on alcohol and tobacco seen as most fair.
     
  • Almost two-thirds of respondents (65.10%) believe corporations should face higher tax rates than consumers.
     
  • Less than one quarter (24.31%) of respondents support a flat income tax.
  • More than 80% of respondents rated the current tax code as either “complex” or “extremely complex.”

For the full report, please visit:  http://wallethub.com/edu/tax-fairness-survey/4171/

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