According to the new survey, 56 percent of Americans who said that they work for pay have noticed the taxes withheld from their paychecks increasing this year.
Among all Americans, including those who don't work for pay, 42 percent said taxes withheld from their pay have increased, while only 4 percent said their taxes withheld have decreased. Another 21 percent said they've stayed the same and 8 percent said they weren't sure how their tax bills have changed. Twenty-five percent said they don't work for pay.
Among those who say the taxes withheld from their paychecks have increased, 51 percent cited more taxes withheld for Social Security and Medicare as the biggest reason for the increase. Twenty-eight percent believe that it was an increase in their income tax rate, while another 5 percent said that they voluntarily increased their withholding rate. Sixteen percent of those who said their taxes went up weren't sure why they did.
Overall, 37 percent of poll respondents said that the amount of money they take home each paycheck after taxes has decreased since the end of last year, even though only 23 percent said the amount of money they make before taxes has decreased. A combined 31 percent said their take-home pay has either increased or stayed the same, and 5 percent said they aren't sure.
Although 15 percent of respondents said the amount of money they make before taxes has increased, only 10 percent said their take-home pay has.
The poll was conducted May 15 and May 16 among 1,000 adults using a sample selected from YouGov's opt-in online panel to match the demographics and other characteristics of the adult U.S. population. Factors considered include age, race, gender, education, employment, income, marital status, number of children, voter registration, time and location of Internet access, interest in politics, religion and church attendance. Additional crosstabs from the poll are available here.
Original Article
Source: huffingtonpost.com
Author: Emily Swanson
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