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 |
6.5% | $200 million | $350 - $450 | $25,000 - $45000 |
7.7% | $400 million | $625 - $725 | $25,000 - $45000 |
8.9% | $600 million | $900 - $1,000 | $25,000 - $45000 |