Economy

68 Percent Of Millionaires Support Raising Taxes On Millionaires

CREDIT:

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.’”

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