Free Republic
Browse · Search
Smoky Backroom
Topics · Post Article

To: Your Nightmare

Same as today YN...with tax.


680 posted on 10/24/2006 6:15:52 AM PDT by Principled
[ Post Reply | Private Reply | To 679 | View Replies ]


To: Principled
Same as today YN...with tax.
So if a person making $26,400 can buy all his necessities for $26,400 (ti), why does the government send him an additional $6,072? So he can buy $4,675 more than his necessities?

No. The answer is, the $26,400 worth of necessities does not include taxes. The idea of the "prebate" is that by spending it, that person can purchase all their necessities (although there is an error in the way the FCA is calculated that doesn't allow this person to do that).
683 posted on 10/24/2006 6:33:03 AM PDT by Your Nightmare
[ Post Reply | Private Reply | To 680 | View Replies ]

Free Republic
Browse · Search
Smoky Backroom
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson