Infographic: Is America’s Tax Policy Failing The Nation?
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Even with broad and prolonged support for raising taxes on the rich, tax reform regularly ranks near the bottom of America’s priority list. According to a Bloomberg poll, only 4 percent of respondents saw tax reform as the most important issue of the year (2012).
America’s love-hate relationship with taxation is hardly news. The country was birthed in a tax-induced revolution. The selection of its governments, as well as the difference between its two main political parties, has consistently revolved around tax issues.
Even with broad and prolonged support for raising taxes on the rich, tax reform regularly ranks near the bottom of America’s priority list. According to a Bloomberg poll, only 4 percent of respondents saw tax reform as the most important issue of the year (2012).
America’s love-hate relationship with taxation is hardly news. The country was birthed in a tax-induced revolution. The selection of its governments, as well as the difference between its two main political parties, has consistently revolved around tax issues.
But in recent decades, the burden of tax has been distributed in increasingly unfair ways. Tax is seen as “theft” by government, and not a “duty” of the citizen. 6 in 10 Americans believe the system is unfair, where the top 1 percent paid only slightly more than 20 percent of all American taxes in 2010, but only 3 percent think tax reform is one of the most important issues in American society.
via Master of Accounting Degrees
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Related: Warren Buffett Calls for “Minimum Tax” on Wealth
Related: Sorry “99%”, There Are No Quick Fixes For Inequality: Raghuram Rajan
