>>> Anyone earning less than 50k a year would take it in the shorts. >>>
Respectfully, that’s not true. What makes you say that? (I think I know where you get this, but we’ll see...)
You pay 9% with no deductions and 9% fed sales tax on everything you spend money on. Any allready taxed savings you have are now worth 9% less.
Those on the low end of the scale have to spend everything they make just to get by.