That's not a "mathematical error" at all. The prebate should not be included as spendable income to have a comparative basis between the income tax and the FairTax.Like I said, you don't want people to spend it. Of course, it has no value unless it is spent. And when it's spent, it is taxed, thus reducing it's value.
"Like I said, you don't want people to spend it. Of course, it has no value unless it is spent."
Nonsense - of course it does. If you save it rather than spend it there is certainly no "loss of value". But the intent of the prebate, don't forget, is to reduce your taxes ... it's a rebate of some part of them.