A recent survey conducted by the Tax Foundation reveals that tax literacy among Americans is low, with significant confusion regarding the tax code. While 71% of those surveyed support reducing the top income tax rate, 54% believe wealthier individuals should pay more, creating a clear contradiction. Additionally, 65% of respondents find the tax code overly complex, and 86% indicate a need for reform. Only 33% correctly identified the current top tax rate of 37%, highlighting widespread misunderstanding regarding tax policies and their implications.
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.
Tax literacy in the U.S. is notably low, with many Americans unaware of the current highest tax rate and the complexities involved in the tax code.
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