Marginal Tax Rate

Do Americans Support A 70% Marginal Tax Rate?

Rep. Alexandria Ocasio-Cortez's proposal to impose a 70 percent marginal tax rate on wealthy individuals making over $10 million has provoked controversy and significant debate. Even though the super rich unsurprisingly dismissed her idea at Davos, it is gaining traction among registered voters in the United States.

Navigator Research polled 1,116 registered voters on the matter in late January, finding that 48 percent supported it, 28 percent opposed it and 24 percent were not sure about it. Nearly 70 percent of Democratic voters were also behind it and signficantly, so were a third of Republican voters.

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This chart shows the share who support introducing a 70% marginal tax rate on income over $10m.

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Opinion of adults in the United States on whether billionaires should pay a wealth tax to reduce inequality in 2020, by political party
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Opinion of adults in the United States on whether billionaires should pay a wealth tax to reduce inequality in 2020
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Do you agree or disagree with the statement that the rich should be taxed more to support the poor?
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Opinion on higher wealth tax for the rich in India in 2024
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Average tax rate in the United States in 2020, by income percentile
Average tax rates of taxpayers reporting the highest annual incomes in the United States in 2014

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