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Financial Planning > Tax Planning

IRI: 15% of Financial Pros Want Taxes Raised on All

By staff Writer

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About 80% of financial professionals surveyed would like to see the “Bush tax cuts” extended – but some survey participants have different ideas.

The Insured Retirement Institute (IRI), Washington, has published figures on financial professional attitudes in a summary of results from an online survey of about 200 financial professionals that was conducted in October and early November.

IRI found that 82% of the website visitors who participated said the tax cuts that are part of the Economic Growth and Tax Relief Reconciliation Act of 2001 should be extended, and 60% said the capital gains tax should be lowered.

But the IRI found that 16% of the survey participants were deficit hawks who agreed with the statement that “taxes need to raised across all earners,” and that 15% agreed with the statement that “taxes need to be raised on just the top 2% of earners.”

- Allison Bell

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