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What Will The Rates Be Under The Fair Tax? Single Filers Joint - PowerPoint PPT Presentation

What Will The Rates Be Under The Fair Tax? Single Filers Joint Filers Income Marginal Rates Income Marginal Rates $0-10,000 4.75% $0-10,000 4.75% $10,001-100,000 4.90% $10,001-100,000 4.90% $100,001- $100,001- 4.95% 4.95% 250,000


  1. What Will The Rates Be Under The Fair Tax? Single Filers Joint Filers Income Marginal Rates Income Marginal Rates $0-10,000 4.75% $0-10,000 4.75% $10,001-100,000 4.90% $10,001-100,000 4.90% $100,001- $100,001- 4.95% 4.95% 250,000 250,000 $250,001- $250,001- 7.75% 7.75% 500,000 350,000 $500,001- $350,001- 7.85% 7.85% 1,000.000 750,000 $1,000,000+ 7.99% $750,000+ 7.99% V O T E Y E S F O R F A I R T A X

  2. The Fair Tax Will Help Address Our Budget Crisis • Until recently, our state faced a $3.2 billion structural deficit • The Fair Tax will generate $3.4 billion a year, which can go toward addressing this deficit • It is the next step we need to help fundamentally change the trajectory of Illinois V O T E Y E S F O R F A I R T A X

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