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Thursday, April 15, 2010

Tax Day Fast Facts

With tax day upon us, here are some fast facts about how Americans feel about their taxes:

  • 48% of Americans say their taxes are "too high" while 45% say they are "about right."
  • 54% of Republicans and 52% of independents say their taxes are too high, compared to 36% of Democrats.
  • These views do not differ much across income groups.
  • 63% of Americans expect their taxes to increase in the next 12 months, while 30% expect no change.
  • 74% of Republicans and 64% of independents expect their taxes to increase, compared with 49% of Democrats.
  • These views do differ by income, with higher-income Americans more likely to expect higher taxes in the next year.
  • 68% of Americans in 2009 expected a federal income tax increase by the end of Barack Obama's first term in office.
  • Americans in 2009 estimated that the federal government wastes 50 cents of every tax dollar.
Get a complete read on these stories and more tax trends now. To get future Gallup news on taxes, sign up for our taxes e-mail alerts or RSS feed.

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