by Bruce Bartlett
National Center for Policy Analysis
November 29, 2004
Brief Analysis
Poll data suggest that the wealthy are already paying more in taxes than the bulk of Americans think they should. A Zogby poll last year showed that seventeen percent of people said that 10 percent would be a fair tax rate for a person making $1 million per year. Also, 29 percent said that the maximum would be 20 percent. One possible reason is that many Americans think they have a chance of becoming rich some day. A Gallup poll last year found that 31 percent of Americans thought they would become rich, and 51 percent of those between the ages of 18 and 29 thought the same.

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