Ada-Icon
Required

Are Americans Confused about Taxing the Rich?, Elder Law Attorney, Woodstock, GA

A new poll reveals that the majority of Americans agree with eliminating the estate tax, which suggests that they want to lower taxes on the wealthy. The same poll also suggests, however, that the majority of Americans want to increase taxes on the rich in a different way.

The remaining Republican Presidential candidates have offered several proposals to reform the American tax system.

Gallup recently conducted a survey of Americans’ support for some of the proposals and released the results in “Americans React to Presidential Candidates’ Tax Proposals.”

Both Donald Trump and Ted Cruz have proposed eliminating the federal estate tax. According to the survey, the majority of Americans agree.

A total of 54% of respondents said that they agree with the proposal. Only 19% disagreed. The remainder responded that they did not know enough about the issue to have an opinion. As the estate tax only applies to a very small percentage of Americans this could be taken as an indication that the majority of Americans want to lower taxes on the wealthy.

However, only one other tax reform proposal also received support from a majority of those surveyed. A total of 63% agreed with Donald Trump’s proposal to close most tax loopholes and deductions available to the very rich.

What this means about attitudes toward taxes on the wealthy in the U.S. is unclear.

A future survey is planned to survey opinions about the Democratic candidates’ positions that could clear things up. However, it does appear to be good news for opponents of the estate tax. Republicans have wanted to do so for a long time and all of their candidates are in agreement on the issue. Both remaining Democrats want to increase the estate tax.

Unfortunately for the opponents of the estate tax, a reform on taxes do not appear to be a major concern for the general public at this time though.

Reference: Gallup (March 17, 2016) “Americans React to Presidential Candidates’ Tax Proposals.”

Hear From Our Clients
tes-prev
tes-next

“On the threshold of retirement, we finally decided to quit thinking we could self-prepare the requisite documents. We had previously had only a very simple will. We needed the necessary legal (including updated will) & health care docs but didn’t want to deal with the time & complication of legalese. Cindy made the process relatively painless. She took the time to explain and answer questions without trying to upsell services. We were done in 2 meetings plus the reading of emailed drafts. In addition to preparing the documents, Nelson Eldercare will be there when our adult children need advice on executing the plans we’ve put in place.So glad it’s behind us and would recommend Cindy and her helpful staff.”

- Bonnie

Cindy and her company treat their clients like family. Nelson’s offers clear, direct, and honest guidance in planning for your families security and future. No one wants to actively sit down and make these decisions, but Nelson’s makes this process seamless. I was so impressed with their willingness to answer all questions big or small. So glad I made the decision have them help my mom and dad and now me. You can’t go wrong with Nelson’s Elder Care Law.

- Hope

The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!

- Kerri

I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.

- Charlotte

Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.

- Pierce