60% of Americans say taxes are too high

Economic Discontent and Stock Market returns

According to a recent poll by Gallup, a staggering 60% of Americans believe that the federal income tax rate is too high—the highest percentage recorded in 23 years.

We have been here before.

Going back to 1956, there have been 13 times when Americans have been at or above 60% in the “too high taxes category”.