You might assume the highest earners are the least likely to think they should pay high income taxes, especially in light of the headlines exposing rich tax evaders.
The latest confession of cheating came earlier this month from the creator of Beanie Babies. Ty Warner was found guilty of hiding more than $100 million in an offshore account and will pay $53 million in penalties as a result.
But despite the actions of a few wealthy evaders, a survey by Chicago research firm Spectrem Group finds that three out of 10 individuals with net income between $500,000 and $750,000 think Americans should pay between 31 percent and 40 percent in taxes.
While only 2 percent of respondents overall think tax rates should be that high, 14 percent of individuals with the highest incomes -- more than $750,000 -- feel that way.
For 2013, individual filers earning more than $400,000 fall under the highest individual income tax rate of 39.6 percent. The lowest tax bracket is 10 percent and applies to single filers earning up to $8,925.
Three-quarters of respondents believe Americans should pay between 8 percent and 25 percent in income tax. Nearly a quarter of those with net incomes less than $100,000 think taxes should be no higher than 7 percent.
A fifth of Americans believe taxes should be between 8 percent and 10 percent; 25 percent say between 11 percent and 15 percent; and 19 percent say between 16 percent and 20 percent.
What do you believe is the acceptable range of income tax?
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