While these numbers represent two-fold increases in education spending since 1989, Americans in the middle income bracket have stayed the course, consistently spending around 1% of their expenses on education.

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According to a recent report by the African Development Bank, it is estimated that at least 310 million Africans (about 30% of the population) now fall within the middle-class bracket, which makes for an increased consumer market base demanding to be serviced with new goods, products and services.

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Moreover, the MID is more valuable to itemizing taxpayers in the highest tax bracket than to middle-income taxpayers in lower tax brackets.

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Income taxes will fall by FFr43 billion over three years, with middle- and low-bracket taxpayers profiting more than those paying the top, 54%, rate, which will dip by only 1.5 percentage points over three years.

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He also indexed the tax brackets for all taxpayers to inflation, which prevented inflation from pushing middle class taxpayers into higher tax brackets (bracket creep).

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That includes the Bush middle class tax cut reducing the 28% tax bracket to 25%.

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