advertisement
Most Americans say they're paying their fair share in taxes.
But, according to a recent MSN-Zogby poll, that doesn’t mean they’re happy about it.
People with $75,000 to $100,000 in annual income were most likely (45%) to say they pay too much in taxes, followed by those making more than $100,000 (43%). Just 3% said they pay too little.
About 84% of Americans said they use online tools, tax software or hire a professional to prepare their returns. Only 13% said they prepare their taxes by hand on paper.
The results reflect a tax system that is often seen as too costly and cumbersome. In fact, the tax burden on Americans is lighter than in most developed countries, according to the Urban Institute, a nonpartisan economic research group.
Still, the Internal Revenue Service said Americans spend about 1.6 billion hours preparing taxes each year.
According to the MSN-Zogby poll, the poorest Americans -- those earning less than $35,000 -- were the most likely group to say they’re paying their fair share (62%) and least likely to say they’re paying too much (30%).A system where everyone pays the same flat tax rate regardless of income is most popular among older Americans, with at least half of those over 50 supporting such a proposal. A majority of those earning more than $75,000 (54%) support it.
When it comes to preparing income tax returns, 38% of Americans said they hire a professional. The most likely to hire help were people who earn more than $100,000 (45%) and those who identified themselves as Republican (43%). Forty-six percent of Americans said they use online tools or tax software to prepare their tax returns.
Most Americans (79%) said they don't fear a tax audit. Wealthier Americans were more likely to say they fear a tax audit.
The interactive survey of 10,642 adults nationwide was conducted March 5-7 and carries a margin of error of plus or minus 1 percentage point.


New deadline for filing late