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Taxes

Would You Give Up Social Media For One Year to Never Pay Taxes Again?

Americans hate taxes so much that they would entertain some bizarre options for a tax-free life, according to WalletHub.

Americans hate paying taxes. Maybe it’s because taxes are one of life’s certainties, along with death.

The latest tax survey from WalletHub revealed that some Americans are so intent on not paying taxes that they would entertain some bizarre options for a tax-free life.

Would you give up social media for one year to never pay taxes again? Fifty-six percent of the 230 people who completed the online survey said they would. Thirty percent of respondents said they would get an IRS tattoo to get out of paying taxes, while 16% said they would name their first-born child “Taxes” for a tax-free future.

Data courtesy of WalletHub.

Other key findings from WalletHub’s 2024 Tax Survey include:

  • More than three in four Americans are more worried about inflation than taxes right now.
  • 72% of Americans think their current tax rate is too high.
  • 28% of people say getting audited is their biggest Tax Day concern, while an equal percentage is concerned about not having enough funds to pay taxes.
  • 39% of Americans think charities would make better use of their tax dollars than government or religious groups.
  • More than two in five Americans know someone who has cheated on their taxes.
  • Nearly two in three people describe companies that advertise free tax-filing services as bait-and-switch schemes.
  • 90% of Americans think filing taxes should be free.