We’ve all heard Ben Franklin’s saying about the only two certain events in life (grim prospects indeed). A recent poll from Bankrate.com found that 92% of Americans surveyed understand the necessity of paying taxes and they feel that it’s up to everyone to pay their fair share.
Is the tax system fair or broken? Nearly 60% of the respondents felt the system is geared to benefit the rich.
Would you prefer no taxes at all? Abolishing taxes was on the minds of 17% of those surveyed.
In general the system is misunderstood and could use some simplification. Approximately 30% said they are “clueless” when it comes to tax planning and prep. A large part of the rest seek outside help from professionals.
Would you be willing to let the IRS complete your tax return? (33% said they would).
Do you feel comfortable with tax issues? What could be done to make the system better?
If you want to read the rest of the article, click here.