US millionaires have signalled their support for Joe Biden’s push to make the wealthiest Americans pay more tax, in a sign that the president’s plan to impose bigger levies on extreme wealth is playing well with the country’s upper-middle class.
A YouGov poll of Americans with assets other than their home worth more than $1mn showed that a majority supported a more progressive US tax system, one of the tenets of Biden’s economic strategy for re-election in November.
Almost 60 per cent of the 800 respondents said they would back marginal rates on income tax above $100mn that were higher than the current top rate of 37 per cent.
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