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CBS Poll: Most want taxes on millionaires increased
CBS News ^ | 10/04/2011 | Brian Montopoli

Posted on 10/04/2011 10:08:16 AM PDT by SeekAndFind

CBS News Poll analysis by the CBS News Polling Unit: Sarah Dutton, Jennifer De Pinto, Fred Backus and Anthony Salvanto

Most Americans believe that taxes on millionaires should be increased in order to reduce the deficit, according to a new CBS News poll.

Sixty-four percent of Americans said they believe those making a million dollars or more in taxes should pay more. Thirty percent said taxes on such individuals should not be increased. Democrats were extremely likely to support such an increase (83 percent did so), and independents also supported it, 65 percent to 28 percent. On the other side, 54 percent of Republicans opposed such an increase, while 40 percent supported it.

President Obama has proposed a tax increase on those making a million dollars per year or more as part of his deficit reduction plan - the so-called "Buffett Rule" - an idea Republicans deride as "class warfare."

Republicans often argue that increasing taxes on the wealthy will impact job creation. But the new CBS News poll finds that just 18 percent of Americans agree. More - 25 percent - say the increase will actually help job creation. A slim majority - 51 percent - say it will have little impact.

Still, there are mixed signals: Asked the most effective way for the government to get the economy moving, nearly half (47 percent) chose cutting taxes to encourage investment. Fewer - 37 percent - preferred spending more money to create jobs. A majority of Republicans called for tax cuts while a majority of Democrats called for spending to create jobs.

Views of government:

Americans have a highly negative view of the role the government plays in their lives.

(Excerpt) Read more at cbsnews.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: millionaires; poll; rich; tax
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To: SeekAndFind
Republicans often argue that increasing taxes on the wealthy will impact job creation. But the new CBS News poll finds that just 18 percent of Americans agree

In a related story, 82% of Americans have no concept of basic economic principles.

I suppose this is good news, I'd have thought it would be a higher number.

21 posted on 10/04/2011 10:23:23 AM PDT by wbill
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To: JIM O

I would add:

Why should a “millionaire” pay any more in ACTUAL DOLLARS to support the government than the less wealthy.

What has personal income or net worth got to do with one’s obligation to pay for government?

And, at the crux of what asymmetrical taxation actually is: “What right do you have to steal from another man because he has more than you do?”


22 posted on 10/04/2011 10:24:22 AM PDT by EyeGuy (2012: When the Levee Breaks)
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To: SeekAndFind
Still, there are mixed signals: Asked the most effective way for the government to get the economy moving, nearly half (47 percent) chose cutting taxes to encourage investment. Fewer - 37 percent - preferred spending more money to create jobs.

This is the part of the poll that actually matters. Almost half asked in this CBS poll (which likely skews Democratic) think we should cut spending to get the economy moving. Only 37% believe more spending, which is what Hussein supports, is the right approach.

23 posted on 10/04/2011 10:29:34 AM PDT by Longbow1969
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To: SeekAndFind
(64%) want taxes on millionaires increased

Of course their take on the matter would change if they one day became the people they currently envy.

24 posted on 10/04/2011 10:34:20 AM PDT by Mr. Mojo
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To: SeekAndFind

I’d love to see a polling outfit starting doing polls without the built in leftist premises.

“Should we increases taxes on the job creators even through Washington DC will use the money to expand the bureaucracy”

“Would you like to see millionaires who already pay 70% of the taxes taxed more even though unemployment will go up another 1-3%.”

“Should the rich, who already pay nearly all the taxes shoulder the burden while 50% pay zero into the system.”


25 posted on 10/04/2011 10:35:04 AM PDT by ilgipper (Everything you get from the government was taken from someone else)
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To: SeekAndFind

Taxes on millionaires have been increased. Please read Obamacare.


26 posted on 10/04/2011 10:37:17 AM PDT by businessprofessor
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To: SeekAndFind
Sixty-four percent of Americans said they believe those making a million dollars or more in taxes should pay more.

First I don't trust CBS to do accurate polls.
Second, how many of those troglodytes understand that increasing taxes on the rich won't reduce the decifit?
And last, how many of these troglodytes know that the top 1% already pay roughly 40% of the Federal Tax.

Conduct a poll on people who already know these things and you will get a very different result. The average smuck out there simply doesn't appreciate how much taxes the rich already. They have been misinformed by the MSM.
27 posted on 10/04/2011 10:37:43 AM PDT by truthguy (Good intentions are not enough.)
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To: Mr. Mojo

When these clowns are running for election/re-election I’m poor and they can’t do enough for me.

When they get elected all of a sudden I’m rich and they want to tax the crap out of me.

Did you ever get a job from a poor guy?


28 posted on 10/04/2011 10:39:08 AM PDT by donhunt (Certified and proud "Son of a Bitch".)
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To: SeekAndFind

They forgot to mention they took the poll outside Wall Street under a tarp. Did they ask anybody that actually pays taxes or has a job?


29 posted on 10/04/2011 10:40:12 AM PDT by chuckles
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To: Reagan69

RE: Oh, so they WANT to see 12% unemployment ??

Actually, REAL Unemployment ( U6 figures ) tell us that unemployment is HIGHER than 12%.


30 posted on 10/04/2011 10:42:16 AM PDT by SeekAndFind (u)
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To: ilgipper

Try this poll. Do you support increasing taxes on the 50 percent of population who are freeloading on you?


31 posted on 10/04/2011 10:43:10 AM PDT by BillM (.)
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To: SeekAndFind
If you TAKE money from a millionaire and GIVE to a poor guy for nothing, the millionaire will eventually run out of money.
What if the millionaires could HIRE poor people so they could WORK and EARN money instead.
The result of that work could be SOLD for more money and the process could continue, or even grow.

Oh, a system like that already exists you say? Or at least used to?
Who would have thought!

32 posted on 10/04/2011 10:44:54 AM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: edcoil

CBS

translation:

See BS


33 posted on 10/04/2011 10:46:49 AM PDT by This Just In
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To: edcoil

CBS

translation:

See BS


34 posted on 10/04/2011 10:47:11 AM PDT by This Just In
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To: SeekAndFind

“Don’t tax you, don’t tax me, tax that guy behind the tree.”


35 posted on 10/04/2011 10:49:53 AM PDT by dfwgator
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To: BitWielder1

Much of what the government spends money on does more harm than good; this is particularly true over the past several years with the massive uncontrolled increase in government spending. I believe my business and non-profit investments are much more beneficial to societal well-being than sending more money to Washington.

- Charles Koch’s response to Warren Buffet

I agree with Mr. Koch.


36 posted on 10/04/2011 10:53:02 AM PDT by Lonesome in Massachussets (Ceterum autem censeo, Obama delenda est.)
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To: SeekAndFind

Too bad Obama’s “Millionaire Tax” applies to those making $250k.


37 posted on 10/04/2011 11:02:38 AM PDT by Retired Greyhound (.)
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To: SeekAndFind

I’m actually somewhat impressed they could not manipulate that approve number higher than 64%


38 posted on 10/04/2011 11:16:16 AM PDT by Buckeye McFrog
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To: alloysteel
Millionaires do not pay taxes on their accumulated wealth.

Shhhhh! You don't want them coming up with a European style "solidarity tax" on wealth, do you?
39 posted on 10/04/2011 11:18:01 AM PDT by Buckeye McFrog
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To: BitWielder1

RE: If you TAKE money from a millionaire and GIVE to a poor guy for nothing, the millionaire will eventually run out of money.

I don’t think these people want to bankrupt the millionaires by confiscating their wealth. They want them to pay their “fair share” ( whatever that means to them ).

To most of them, that means INCREASING THEIR MARGINAL TAX RATES.

That it will do zip for the economy or the deficit is beside the point.


40 posted on 10/04/2011 11:21:28 AM PDT by SeekAndFind (u)
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