There are no "untaxed necessities" under the NRST as per the Fair Tax bills. There is a rebate, payed to everyone based off of a schedule (single, one kid you get so much per month to cover food clothing and shelter). But ANYTHING you by retail is hit with a 30% tax.
I'm all for it, but I'm not going to mince words.
Has anyone figured out the total cost for the prebates and the impact that has on the tax rate? To ask another way, how many % of the 30% (exclusive) tax rate is attributable to the prebate?