Sixty percent of U.S. adults underestimate how much individuals will save this year as a result of last year’s tax cut legislation. A Job Creators Network/ScottRasmussen.com survey found that 23 percent overestimated the tax cut and 16 percent provided a good estimate.
The legislation will save an average family of four approximately $1,200 in taxes during 2018. However, 23 percent of adults believe the savings will amount to $100 or less. Another 21 percent believe the savings will be between $100 and $500.
A majority of Democrats (58 percent) believe that a family of four will save $500 or less. So do 41 percent of independents and 33 percent of Republicans.
Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology. Columns published on Ballotpedia reflect the views of the author.
Scott Rasmussen is founder and president of the Rasmussen Media Group. He is the author of "Mad as Hell: How the Tea Party Movement Is Fundamentally Remaking Our Two-Party System," "In Search of Self-Governance," and "The People’s Money: How Voters Will Balance the Budget and Eliminate the Federal Debt." Read more reports from Scott Rasmussen — Click Here Now.
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