News

Survey Reveals Taxpayer Fears and Attitudes at Tax Time

March 18, 2018, 10:00 AM HST
* Updated March 16, 2:14 PM
Listen to this Article
1 minute
Loading Audio...
A
A
A

Image courtesy of WalletHub.

How much do people dislike taxes and tax collectors? Will President Trump’s tax reforms help or hinder the economy? And what are people willing to do to get out of paying?

A new survey released by the online finance website WalletHub provides answers to these questions, revealing some fun facts about people’s attitudes toward paying their taxes. Clearly, it’s not popular.

The survey results show that people would be willing to undergo a variety of unpleasant experiences and sacrifices to secure a tax-free future:

  • 37% of people would move to a different country for a tax-free future;
  • 24% would get an “IRS” tattoo;
  • 22% would switch political parties, and 15% would take a vow of celibacy;
  • 29% of people like their in-laws more than the IRS;
  • 13% prefer cold showers.

Graphic courtesy of WalletHub’s 2018 Tax Survey.

In attitudes toward the current U.S. administration’s tax policies, fewer than four in 10 people said they are happy with President Trump’s tax reforms. Among those surveyed, 69 percent think his reforms are better for corporations than consumers, and 67 percent think they benefit the rich more than the middle class. Overall, 90 percent of respondents said they think the government currently does not spend tax dollars wisely.

Graphic courtesy of WalletHub’s 2018 Tax Survey.

When it comes to tax preparation time, apprehension and anxiety are common feelings. The survey found that 30 percent of people fear making a math mistake most when it comes to preparing taxes. The second-most feared outcome reported by 29 percent of survey respondents is not having enough money.

Graphic courtesy of WalletHub’s 2018 Tax Survey.

Comments

This comments section is a public community forum for the purpose of free expression. Although Big Island Now encourages respectful communication only, some content may be considered offensive. Please view at your own discretion. View Comments

Newsletters

Get a quick summary of what’s happening on the Big Island with our daily & weekly email of news highlights.