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Mo. Digital News
Missouri Digital News
MDN.ORG:
Mo. Digital News
MDN.ORG:
Missouri Digital News
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Tax Cut Effects for Average Family of Four
Tax Cut Plan
Average Family Expenditure
Sales Tax Reduction
Average Tax Savings
Lower Sales Tax
$42,400
-.25% -1/4 cent per dollar
$105
Eliminate Sales Tax on Food
$3,600 - $8,000
-4.00% -4 cents per dollar
$144 - $320
Source for Average Family Expenses: U.S. Department of Commerce, 1995 Statistical Abstracts.
Average annual expenditures for family includes food, housing, clothing, transportation and health care.
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