US Tax Poll: Gen Z Workers Believe They Are Being Taxed Fairly

U.S. tax becomes the most-talked-about topic with the tax season nearing.

One poll reveals that 51% of American adults believe they pay more than their fair share of taxes, which was a decrease from an all-time high of 62% last year, according to a January 2023 Rasmussen Reports.

The survey had 1,000 American adults participate on January 18 to 19 and 22 this year.

The state with the highest income tax rate in the United States is California, with its residents paying up to 13.3%. It was then followed by Hawaii with up to 11%, New York at 10.9%, and New Jersey and Washington, D.C., both at 10.75%.

Those with lower income tax rates are North Dakota at 2.9% or lower, Pennsylvania at flat 3.07%, Indiana at flat 3.23%, and Ohio at 3.99% and lower, as cited by The Balance.

Despite the high taxes imposed on some states, there are people who think they are being taxed fair.

Gen Z Workers' Tax

A recent survey showed that 57% of 18 to 24-year-olds believe they are paying a fair share in taxes, which is a much higher percentage than any other age group.

Go Banking Rates noted that the Gen Z workers are also almost happy with where their paid taxes are allotted.

However, the data showed that it is clear older generations do not hold the same sentiments on the taxes they pay.

Gen X workers showed that 39% of their age group, 55 to 65, said they are taxed fairly, while just 36% of Americans over 65 feel they are taxed fairly.

In addition, 69% of Gen Z adults believe their tax dollars are spent effectively, while only 32% of Gen X and baby boomers share the same opinion.

Meanwhile, 45% of Americans aged 65-plus believe their taxes are spent wisely.

Varsha Subramanian, CPA at FlyFin, said they are seeing Gen Z taxpayers who are generally more socially and environmentally conscious than previous generations.

Subramanian added that Gen Z workers seem "more willing to pay taxes" if they believe the money is being used to address critical issues, including climate change or social inequality.

U.S. Tax

The U.S. tax code contains no statements targeting a racial group. However, the law can cause increased economic gaps between African American households and Whites.

One research from Washington, D.C.-based Tax Policy Center found that African American couples face higher tax costs associated with marriage as compared to White people, as reported by TeleSur.

Researchers said they found Black couples "are more likely than White couples to experience an income tax penalty from marriage."

The study stated that the patterns continue as Black spouses have more equal earnings than White spouses.

Aside from racial issues in tax filing, an advocate for local journalism said that the U.S. needs to give tax breaks to local news organizations to address a crisis in the media.

Steven Waldman, the co-founder of Report for America, said in The Guardian that it would bring $3.5 billion of relief to the local news through "philanthropy, businesses, consumers, and the government.

This article is owned by Latin Post.

Written by: Mary Webber

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