The truth is, all consumers pay the tax on the basic necessities of life under the so called fair tax. Is he lying?
The truth is, all consumers pay the tax on the basic necessities of life under the so called fair tax. Is he lying?
The full fact is all individuals pay the full rate of the NRST on any purchase of new goods and services for personal use.
And all legal residents receive the FCA demogrant of the NRST rate times the HHS povertyline for size of household to cover tax on povertylevel expenditures.
The two taken together assures the NRST is provided to cover federal taxes upto the nominal level of expenditure represented by the HHS provetyline regardless of income, wealth or actual expenditure.
if you have studied the fair tax then you know about the rebate and you already know the answer to your question..if you have not studied the fair tax, well, then you should have never posted this thread (in the manner that you did) in the first place.
"The truth is, all consumers pay the tax on the basic necessities of life under the so called fair tax. Is he lying?"
How do you figure that? Are you saying that you can define what a specific basket of goodies are that YOU define as necessities? What if my basket of necessities differs from yours? Who determines what "necessities" are?