Friday, April 12, 2013

Chart of the Day: How Americans Feel About Paying Income Taxes

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From a study by Pew Research:
As April 15 approaches, a majority of Americans (56%) have a negative reaction to doing their income taxes, with 26% saying they hate doing them. However, about a third (34%) say they either like (29%) or love (5%) doing their taxes.
I wonder how many of those who say they like doing taxes are being honest on themselves, and how many may have been simply social signaling.

I wonder too how these "like-love" camps will feel with a slew of new or higher taxes, especially from Obamacare.
 
Here is a noteworthy quote from former Commissioner of Internal Revenue T. Coleman Andrews.
I don't like the income tax. Every time we talk about these taxes we get around to the idea of 'from each according to his capacity and to each according to his needs'. That's socialism. It's written into the Communist Manifesto. Maybe we ought to see that every person who gets a tax return receives a copy of the Communist Manifesto with it so he can see what's happening to him.

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