Should Millionaires Pay As Much As The Rest Of Us?

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 Pleasanton, the median household income in 2010 was $120,094 and the average household income was $159,045.

The percentage of household incomes at $200,000 and higher was almost 22 percent.

To compare, 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 in that town was almost 32 percent.

Do you support the proposed Buffett Rule? Take a moment to vote below, and tell us what you think in the comments section.