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Why do the majority of people making 250k and up want to pay more taxes to help pay down the debt?

"a Quinnipiac University poll this year showed nearly two-thirds of those with household incomes of more than $250,000 a year support raising their own taxes to reduce the federal deficit."

http://blogs.wsj.com/wealth/2010/09/20/tax-me-more...

Update:

Maxwell: The expiration of the Bush tax cuts for the rich will see their rates go back up by 3%.

Hardly a bank buster.

14 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    Your premise is false.

  • 1 decade ago

    I do not think they talked to many people who were making a bit more than 250k that said they wanted to pay more taxes. In many place of the country it takes that much just to get by. 250k in my opinion is not super rich. Ceo's can afford it though.

  • Steve
    Lv 5
    1 decade ago

    Those questioned did not get asked any other revealing question:

    For example so what if a person making say 10million pays 300k in taxes. I mean from their point of view they are paying for a govt that bailed them out of financial ruin, back bank failings where their money is, provide police to keep them safe, and fire to protect their homes.

  • 1 decade ago

    Firstly the article says nothing about where their poll was conducted. Quinnipiac University is in the 'Blue' Northeast. So one would expect support of 'Blue' political moves.

    Secondly the poll says they would be in favor of tax increases....but they do not say how much...keeping in mind Obama's desire would be one of the biggest single tax hikes ever...I doubt they are signing up for Obama's vision.

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  • 1 decade ago

    My brother is one of these people. I told him he was just putting a big bullseye on himself if he voted Obama and Democrat.

    He was fine with it.

    I asked him if he paid anything extra to the gov't now. He has numerous tax breaks, etc. that he doesn't need to take advantage of. He basically had no answer to that.

  • 1 decade ago

    did you read the article? Do you know who participated in the poll?

    " a small number of left-leaning rich people have come out in support of paying higher taxes"

  • 1 decade ago

    most rich people live off the wealth they already acquired...off the interest, investments, etc.

    that's why I think capital gains taxes should be the same as income if that IS your annual income.

  • Pfo
    Lv 7
    1 decade ago

    They are free to send tax money to the government any time. None do.

  • Anonymous
    1 decade ago

    most of those complaining about taxes make too little to actually pay them

  • ?
    Lv 5
    1 decade ago

    the government would blow the money, not reduce the federal deficit.

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