Tax fairness and tax burdens are front-and-center, as a fight over the soon-to-be-expiring Trump tax cuts looms.
Americans’ discontent with the size of their federal income-tax bill is at a two-decade high, according to a new poll — even though Congress hasn’t passed any direct income-tax increases in recent years.
Meanwhile, 46% of people said they were paying a fair amount of income tax. That basically matched the dim mood over two decades ago, in in 1999, when 45% said that they were paying a fair amount. Both backdrops might be at play in the public mood on taxes, observers noted, and political affiliation could have something to do with these changes, Gallup said. Only one-third of Republicans said their income taxes this year were fair, for example — that’s down from 63% in 2020, the last full year of the Trump administration.
The real tax-policy fight brewing in the background is the 2025 expiration of Trump-era tax cuts, experts have said. For his part, Lawrence Zelenak, who teaches tax law at Duke University, thinks the current darkening public mood “is largely a response to the disappearance of all the temporary pandemic-related tax relief,” he said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance Tax Watch: Q1 2023 Crypto Tax Developments in Europe and CIS | Binance BlogAs a crypto user, it's important to keep up to date with the tax laws in your region. Our team of tax policy experts are here to help. Learn about Europe's Q1 tax developments here ⤵️
Read more »
Majority of Americans support criminally charging Trump in Georgia, classified docs probes: pollThe WPA Intelligence survey also found that if Trump is charged, his chances against President Biden in the general election would take a severe hit.
Read more »
The IRS will test a free online tax prep service next yearA limited number of taxpayers get to try out the new program before it gets considered for the rest of us.
Read more »
Reliable broadband is a necessity for all Americans.RepRickAllen: 'To close the digital divide and further America’s leadership in next-generation broadband and wireless networks, we need effective reforms to accelerate the build out of high-speed connections.' Infrastructure2023 sponsored
Read more »
Rising Number Of Americans Switching ReligionsAccording to a new survey, nearly a quarter of Americans say they used to follow a different religious tradition or denomination than the one they practice now, a percentage that appears to be growing in response to disagreements over issues like LGBTQ+ rights. What do you think?
Read more »
Black Americans Face Much Higher Rates of Early Death, Study SaysAfrican-Americans have a starkly higher rate of early mortality than whites, with 1.63 million “excess deaths” occurring among Black people over two decades, according to a new study published in JAMA.
Read more »