Do you think millionaires should pay taxes similar to the middle class?
A new Gallup poll released Friday shows a majority of Americans support the proposed Buffett Rule, which would require individuals earning $1 million or more per year to pay at least 30 percent of their income in taxes.
The bill, intended to prevent the wealthy from paying a lower actual tax rate than most middle class workers, is named for billionaire investor Warren Buffett, who has argued that he should not be allowed to pay a lower tax rate than his secretary.
President Barack Obama has recently pushed this tax policy and the Senate votes on it this week.
The survey, conducted April 9 to 12 among 1,016 adults (with a margin of error of plus or minus 4 percentage points) found that 60 percent of adults support enacting such a policy, while 37 percent oppose it.
By significant margins, both independents (63 to 33 percent) and Democrats (74 to 24 percent) supported the measure. Republicans opposed it by a smaller margin of 54 to 43 percent.
Another poll conducted by CNN shows that seven out of 10 – or nearly three-quarters of Americans - support the proposed legislation.
In Danville, the median household income in 2010 was $146,969 and the average household income was $198,103.
The percentage of household incomes at $200,000 and higher was almost 32 percent.
In Alamo, the median household income in 2010 was $165,977 and the average household income was $234,626.
The percentage of household incomes at $200,000 and higher was 39 percent.
Do you support the proposed Buffett Rule? Take a moment to vote below, and tell us what you think in the comments section.