Tax rate | Additional revenue raised | Sales Tax Fairness Credit amount | Credit phaseout income range |
---|---|---|---|
5.5% | $0 (Current Law) | $125 - $225 | $20,000 - $40,000 |
7.1% | $200 million | $575 - $675 | $50,000 - $70,000 |
9.1% | $400 million | $1,1225 - $1,325 | $50,000 - $70,000 |
11.2% | $600 million | $1,875 - $1,975 | $50,000 - $70,000 |