Dems Shun 70% Tax Rate When Asked What They Should Pay If They Won Lottery
When Americans were asked how much federal tax is fair to pay if you were to win $20 million in the lottery, only 10% said you should pay more than $10 million of the $20 million in taxes. 32 percent said $5 million is fair, 28 percent thought $1 million is fair and 30 percent thought you shouldn’t have to pay any taxes at all, according to the Job Creators Network/ScottRasmussen.com Weekly Pulse.
Even among Democrats, who according to recent Hill/HarrisX poll seemed to be in favor of Democrat Alexandria Ocasio-Cortez’s proposal of a 70% tax rate on income over $10 million changed their tune when they imagined themselves with more than 10 million in income. Only 11 percent of Democrats favored more paying more than $10 million on $20 million in winnings, 33 percent thought $5 million was fair, 30% thought $1 million was fair, and 27% thought they shouldn’t have to pay taxes at all. (If Cortez’s plan was applied to the $20 million in income, the taxpayer would be required to pay approximately $10.6 million in federal taxes.)