Tumblr Icon RSS Icon

68 Percent Of Millionaires Support Raising Taxes On Millionaires

By Pat Garofalo  

"68 Percent Of Millionaires Support Raising Taxes On Millionaires"


google plus icon

According to a new survey by the Spectrem Group, “68% of millionaires (those with investments of $1 million or more) support raising taxes on those with $1 million or more in income. Fully 61% of those with net worths of $5 million or more support the tax on million-plus earners.” Spectrem’s George Walper told the Wall Street Journal, “what this tells us is that there are a number of wealthy folks who said: ‘Gee, we need to increase taxes to stimulate the economy. No one likes to be taxed more, but the reality is maybe it has to be done.’”


‹ Gov. Chris Christie’s Budget Cuts Eliminate After-School Education For 15,000 Poor Children

Paul Ryan Claims He’s Not Focused On The Wealthy: ‘I’m Not Worried About Them’ ›

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.