Just one-out-of-seven Americans (14%) would like to see a 90% tax rate on earnings above a million dollars a year. The latest Rasmussen Reports national telephone survey finds that 74% are opposed to such a high tax rate for the nation’s highest earners.

Eighty-five percent (85%) of Republicans oppose the 90% tax rate, along with 66% of Democrats and 72% of those not affiliated with either major party.

The survey also found that most Americans favor a cap on the total amount of taxes that any individual would pay to state, local and federal governments.

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Fifty-seven percent (57%) say no American should have to pay more than 25% of their total income for taxes. That view is shared by 68% of Republicans, 50% of Democrats and 54% of those not affiliated with either party. Overall, just 23% oppose such a cap.

Support for the tax cap is higher among lower-income Americans than among those who earn more. Just 47% of those in the $100,000 plus range favor the cap, along with 64% of those who earn less than $20,000 a year.

However, that data may suggest that Americans significantly underestimate how much they currently pay in taxes. The average taxpayer has paid more than 25% of their income in taxes for decades. Imposing a limit so that nobody paid more than 25% of their income in taxes would lead to massive tax cuts across the nation.

A slightly larger majority (61%) would like to see a tax cap set at 50% of income.

Data released earlier showed that roughly one-third of Americans favor making it illegal for executives and celebrities to earn more than a million dollars a year.

For many years, Americans have consistently held the view that tax cuts are generally good for the economy.

But 57% of U.S. voters favor imposing a 90% tax on bonuses paid by American International Group (AIG) and other firms that receive government bailout money. That tax plan has cleared the House but is not being received enthusiastically in the Senate or by President Obama.

Thirty-one percent (31%) of voters now expect taxes to rise under Obama, though.

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