Donald Trump proposes an "all-tariff policy" to replace federal income tax.
Experts argue this policy would shift the tax burden to consumers, acting as a hidden sales tax.
Eliminating income tax would result in larger paychecks for the lower middle class.
The lower middle class, earning between $30,001 and $58,020, would see a 10% to 22% increase in take-home pay.
This increase could help them address immediate financial needs like debts, expenses, and savings.
Larger paychecks could also provide opportunities for long-term investments and retirement savings.
However, relying on tariffs could lead to significant inflation and higher prices for goods and services.
The lower middle class would be disproportionately affected by rising prices due to higher tariffs.
Tariffs are regressive, requiring less affluent citizens to spend more of their income on necessities.
Additional taxes may also increase, further impacting lower middle class consumers.
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