Tags: pew | wealthy | hundred | thousand

Pew Poll: 39 Percent Say it Takes $100K-$250K to Be Wealthy

Friday, 31 Aug 2012 07:44 AM

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President Barack Obama has said the wealthy must pay more taxes to help narrow deficits and get the economy going again.

Who determines who's "wealthy"?

A Pew survey asked participants what level of income it takes to be considered "wealthy" in their communities.

Editor's Note: Prophetic Economist Warns: “It’s Curtains for America.” See Evidence.

The survey found that 39 percent answered between $100,000 and $250,000 for a family of four, while another 30 percent said it took $250,000 or more, CNNMoney reported.

"Virtually no one thinks of themselves as wealthy," said Joseph Henchman, a policy analyst at the Tax Foundation, CNNMoney added.

"They're thinking about what others should pay in taxes."

The Occupy Wall Street movement targeted the top 1 percent of federal tax filers — those with adjusted gross incomes of at least $343,927 in 2009.

The top 1 percent earned nearly 17 percent of all adjusted gross income and paid 37 percent of all federal income taxes collected by the government.

When crunched another way, the group's average effective tax rate — adjusted gross income divided by income taxes paid — came to 24 percent in 2009, more than twice the national average.

Separately, a Rasmussen Reports poll finds that voters remain evenly divided over whether they would support a candidate who opposes all tax increases or one who would raise taxes only on wealthy Americans.

The survey found that 41 percent of likely U.S. voters would vote for a candidate who promised to oppose all tax increases, while 43 percent would vote for a candidate who raised taxes only on the rich. Fifteen percent were undecided.

"People are looking for fairness in the tax system and believe that the rich pay less than their fair share. However, when a politician promises to raise taxes on anybody, voters get nervous," said Scott Rasmussen.

"Many may simply assume that a politician who calls for higher taxes on the rich will end up raising taxes on the middle class."

Editor's Note: Prophetic Economist Warns: “It’s Curtains for America.” See Evidence.

© 2014 Moneynews. All rights reserved.

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