the FairTax would hit the middle class the hardest. Consumers would receive a monthly "prebate" on expenditures up to the federal poverty level, providing a cushion-even a modest benefit for those with the lowest incomes. The top earners, those with incomes greater than $200,000, would see significant tax cuts. It's likely that taxpayers with incomes in the middle range-about $40,000 to $100,000-would pay more. |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.