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PrintAugust 30, 2010
Majority of Americans Say Their Taxes Will be Too High if Bush Tax Cuts Are Allowed to Expire
Washington, D.C. - A majority of American voters say they'll be paying too much in taxes if the Bush tax cuts are allowed to expire at the end of this year, according to a recent poll by Zogby International. The Poll was conducted August 20-23 and surveyed 2,062 likely voters.
The Poll asked:
If the Bush tax cuts of 2001 and 2003 are allowed to expire at the end of 2010, do you feel you will be paying too much in taxes, the right amount of taxes, or not enough in taxes?
A majority of voters (54%) say they will be paying too much in taxes, while 32% say they will be paying the right amount. Only 6% say they won't be paying enough in taxes.
Among Independent voters, 57% say they will be paying too much in taxes, should the Bush tax cuts expire, and just 26% say they'll be paying the right amount. Just 6% of Independents say they won't be paying enough.
An overwhelming majority of Tea Party supporters (96%) and small business owners (64%) say they'll be forced to pay too much in taxes. Just 2% of Tea Party supporters say they'll be paying the right amount, and 1% say not enough. Only 23% of small business owners say they'll be paying the right amount, and 8% say not enough.
Among voters who had to pay federal income taxes last year, 58% say they would have to pay too much in taxes, 32% say they would be paying the right amount, and just 5% say they wouldn't be paying enough.
Surprisingly, among those voters who did not have to pay federal income taxes last year - either because their income level was below the taxable threshold, or their deductions negated any tax liability - 42% said they'd be paying too much should the Bush tax cuts expire, 36% say they would be paying the right amount, and 8% say not enough.
The Zogby International poll was commissioned by The O'Leary Report newsletter. The Poll surveyed 2,062 likely voters August 20-23, and has a margin-of-error of plus-or-minus 2.2 percentage points. To view full poll results and crosstabs for today's release, click here or go to www.olearyreport.com.
Brad O'Leary is publisher of The O'Leary Report, a bestselling author, and is a former NBC Westwood One talk show host. To see more, go to www.olearyreport.com. To interview Brad, contact Shawna Shriner at (703) 272-1500 or ShawnaS@thepm-group.com.
