Democrat Tom Perriello's latest television ad goes directly at your pocketbook.
Perriello appears on screen, saying, "Tom Perriello here and I can save you big money on things you buy everyday. Save 23% on groceries, 23% on gas, 23% on gas, 23% on clothes, hunting gear, even houses and cars. How do i do it? I don't support the 23% federal sales tax backed by my opponent Virgil Goode. His plan would add a 23% tax on almost everything you buy."
What are the facts? Perriello implies Goode wants add an additional tax on top of what you already pay. That's not true.
According to Goode's campaign website, he's a sponsor of legislation creating a Fair Tax. Basically it's a national sales tax that would do away with federal income taxes. The national sales tax would be 23% on everything you buy, but Goode also proposes giving every American a montly prebate of $180.
There is much debate as to whether the Fair Tax is actually more fair and will really lower your taxes. However, the nonprofit group www.factcheck.org has done an analysis that finds that those making between $15,000 and $200,000 a year will pay more in taxes under the plan.
That means those who would benefit from the Fair Tax are the lowest and highest income earners, not the middle class.
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