Americans Are Paying Too Much In Taxes But Are Split On President Trump’s Tax Plan

    Toplines Results Press Release



It appears 2 out of 3 Americans think they are paying too much in taxes, but are split regarding President Trump’s new tax policies according to a new released by the Business and Economic Polling Initiative at Florida Atlantic University. In addition, sixty five percent (65%) thought President Trump should release his own income taxes before changing the tax code. The survey also found 38% approve of President’s Trumps job performance, 48% disapprove and 14% were undecided.

The survey found 67% of respondents said taxes were too high while 5% said they were too low, 28% said they were about right. But when it came the President’s actual proposals the results were less clear with 34% supporting the plan and 41% opposing, 25% were undecided.

Respondents were asked regarding their position on several proposals regarding President Trump’s tax plan. The most popular proposal is the mortgage interest deduction at 68% support and 12% oppose (+56), followed by the proposal to double the standard deduction that people can claim on their income tax returns at 53% support, 18% oppose (+35). The third most popular proposal is to abolish the estate tax with 47% support, 32% oppose (+15).

The least popular proposal is reducing the top tax bracket from 39.3% to 33% with 50% opposing to 28% supporting (-22), followed by the proposal that ends an individual’s ability to deduct the state and local taxes from their taxable federal income was opposed by 39% to 32% support (-7). The public is split 34% support, 37% oppose (-3) on a proposal to repeal the 3.8 percent tax on investment income. They are also split 37% support, 41% oppose (-4) on a proposal on reducing the corporate tax rate from 35 percent to 15 percent.

People are split about the theory of “trickle-down economics”, where higher earning individuals and corporations can stimulate the economy, leading to economic growth and greater wealth for everyone, 35% agreed this theory works while 40% disagreed, 25% were not sure.

The National online survey was administered through Survey Sampling International (SSI) a Worldwide Leader in Survey Sampling and Data Collections, across every mode, for 36 years. The sample consisted of 812 completed surveys collected between April 28-30, 2017 and a 95% credibility interval, a measure of accuracy, of 3.4 percentage points. Responses for the entire sample were weighted to recent Census and American Community Survey data using a sample balancing procedure to match the demographic makeup of the population by region, gender, age, education and race. The polling results and full cross-tabulations can be available on FAU’s Business and Economics Polling 

Accreditation & Rankings

AACSB Accredited

AACSB Accreditation

FAU Business is proud to be an accredited member of AACSB (The Association to Advance Collegiate Schools of Business) International, the premier accreditation agency for Schools of Business worldwide.

FT Executive Education Rankings

FT Executive Education Rankings

FAU College of Business’ executive education professional development programs ranked #11 in the U.S. and #1 in Florida in the Financial Times Executive Education Rankings.

Online Grad Programs

Best Online GRAD Business Programs

#37 in Best Online Master's in Business Programs (Excluding MBA).

Online MBA programs

Best Online MBA Programs

FAU Business again ranked among the "Best Online MBA Programs" in 2020 by U.S. News & World Report.

Online Veterans

Best Online GRAD Veterans Programs

#19 in Best Online Master's in Business Programs for Veterans (Excluding MBA).

Online Veterans

Best Online Veterans MBA Programs

In 2019, U.S. News & World Report ranked FAU Business among the Best Online MBA Programs for Veterans. Florida Atlantic University has also earned the 2020-2021 Military Friendly® School "Gold Designation."

Sport Interantional Ranking

Best MBA in Sport Management Program

The MBA in Sport Management program is among the top 20 postgraduate sports business programs in the world, according to the latest rankings from SportBusiness.

Best Schools - Hospitality

Best Hospitality Program

FAU Business ranks on The 30 Best Hospitality Programs in the U.S.

Best For Vets

Best For Veterans

FAU Business was named one of the top business schools in South Florida for veterans by Military Times. Florida Atlantic University has also earned the 2020-2021 Military Friendly® School "Gold Designation."

© Last Updated4/12/18