#tax-literacy

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from24/7 Wall St.
4 months ago

71% of Americans Want Lower Top Rates... Yet 54% Say the Rich Should Pay More

A recent survey highlights a significant contradiction in American tax opinions, with 71% wanting lower top rates but 54% believing higher earners should pay more.
Mental health
US Elections
from24/7 Wall St.
4 months ago

2 in 3 Americans Now Say the Tax Code Is Unfair

Trump's proposals focus on tax cuts, appealing to public discontent over tax fairness versus Biden and Harris's tax enforcement strategies.
from24/7 Wall St.
4 months ago

Nearly 80% of Americans Don't Know the Share of Taxes Paid by the Top 1%

The 2024 Tax Foundation poll reveals 65% of U.S. taxpayers view the tax code as overly complex and 86% support its reform, highlighting widespread dissatisfaction.
US Elections
Retirement
from24/7 Wall St.
4 months ago

61% of Americans Flunk Basic Tax Literacy Quiz

Over 60% of Americans struggle with fundamental tax literacy.
Two-thirds don't understand tax brackets, while 64% can't differentiate between credits and deductions.
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