In a recent interview with Harvard Business Review, Harvard Business School’s Mihir Desai and Bill George gave some great insight on inversions, who really pays the corporate tax, profit shifting, and corporate tax...
- 2006 Annual Survey of U.S. Attitudes on Tax and Wealth
2006 Annual Survey of U.S. Attitudes on Tax and Wealth
Special Report No. 141
While political momentum for federal tax reform has stalled in the nation’s capital, the 2006 Annual Survey of U.S. Attitudes on Tax and Wealth shows 80 percent of U.S. adults believe the federal tax system needs major changes or a complete overhaul—up from 77 percent in 2005—and a majority (52 percent) are willing to give up some tax deductions to make the tax system simpler.
Overall support for federal tax reform rose in 2006. A majority of U.S. adults report they are willing to give up some tax deductions to make the tax system simpler. Only about one in ten adults are willing to pay additional taxes to eliminate the federal budget deficit and balance the budget. A majority report the amount of federal income taxes they have to pay is “too high,” and rate the value they receive from the taxes they pay to the federal government as "only fair" or "poor."
Survey results are based on a Harris Interactive® online survey conducted on behalf of the Tax Foundation within the United States between March 8 and 16, 2006 among a nationwide cross section of 2,017 adults aged 18 and older. Figures for age, sex, race, education, region and household income were weighted where necessary to bring them into line with their actual proportions in the population.
With 95 percent confidence, results have a sampling error of +/-2 percentage points. As with all surveys, sampling error is only one of many potential sources of error.
- The United States has the third highest general top marginal corporate income tax rate in the world at 39.1 percent, exceeded only by Chad and the United Arab Emirates.
- The worldwide average top corporate...
- IRS income data is collected in order to raise revenue as directed by Congress, which means it is not necessarily well-suited for other purposes, like measuring equality in our society.
- The average taxpayer’s...
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