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US Taxpayers divided on Tax Fairness

Zone(s): USA ¦ Sector(s): Tax
[2 June 2014, accountingTODAY]By Michael Cohn, Editor-In-Chief, Accountingtoday.Com, from Washington DC: U.S. taxpayers have sharply contrasting opinions on the fairness of the various taxes they are forced to pay, according to a new survey.

Consumer finance site WalletHub has released the results of its 2014 Tax Fairness Survey, which polled taxpayers about the complexity of the Tax Code, the structure of the income tax, and the fairness of taxes on everything from investment income and corporations to alcohol and tobacco. In a strong rejection of the current Tax Code, 90 percent of the survey respondents said they believe income from investments should be taxed at least as much as wages.

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