Most Voters Have No Idea How Much the Top 1% Pay in Taxes

A new poll asked Americans how much they thought the top 1% of taxpayers account for in total federal income tax paid. The poll found that most Americans want the rich to pay more in taxes but also revealed that Americans have a misconception in how much the top 1% actually pays.

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The top 1% of earners account for 42% of federal income taxes paid, however, nearly half of Americans thought they contribute less than 12%.

Here’s how the numbers break down:

  • 22% guessed the wealthy accounted for 1%.
  • 25% guessed the wealthy accounted for 12%.
  • 22% guessed the wealthy accounted for 42%.
  • 12% guessed the wealthy accounted for 64%.
  • 19% said they were not sure.

According to the poll, one-third of Democrats thought the top 1% pay only 1% of all income taxes. Approximately 77% of Democrats believe the wealthy aren’t paying their fair share and they aren’t alone in wanting the rich to pay more.

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