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They are, effectively, a secret sales tax on non-U.S. origin products.
Read on to see howeliminating income taxwould affect the lower middle class in America.
If youre in thelower middle class, you make between $30,001 and $58,020.
Take-home pay would increase significantly without income tax deductions, saidDr.
Jim Ronan, a lecturer in the department of political science at Villanova University.
This could make a difference in financial portfolios.
The lower middle class would especially be affected by these rising prices.
Anderson said lower middle class consumers could see other taxes go up as well.
Shopping for anything likely would become more expensive.
Burden to Social Programs
Goods wouldnt be the only items affected with the loss of income taxes.
Anderson highlighted that social programs would also suffer directly impacting the lower middle class.
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