View Full Version : Single men more likely to cheat on taxes

03-30-2011, 09:31 AM
Who are the biggest tax cheats in America? Single men under age 45.

Sixty-four percent of people who admit to fudging their taxes were single men, and 55 percent were under 45, according to a recent survey by DDB Worldwide Communications Group. The good news: Only 15 percent of Americans admitted to cheating the tax man.

The ability to smartly manage money appears to be another characteristic of self-identified cheaters − 42 percent said their financial situation was "one missed paycheck away from disaster," the survey found. Cheaters are less likely to save money, with 45 percent describing themselves as "a spender rather than a saver."

"We've found that there are no major differences in income between tax cheaters and noncheaters," said James Lou, a strategist with DDB. "However, there are significant differences in how they make their income last and how they view themselves."