To: kevkrom; FreedomCalls
I'm not sure I understand your answer to FreedomCalls about the Family Consumption Allowance (FCA). When you say, "By providing about as much information as you need to [] register to vote," I assume there would be an end-of-year type of reporting and then a rebate (?). If so, doesn't this undermine the promise of getting rid of the bureaucratic nightmare that is the IRS?
(BTW, there is nothing on the FAQ page about the FCA.)
To: eastsider
"By providing about as much information as you need to [] register to vote," I assume there would be an end-of-year type of reporting and then a rebate (?).
You would update your application annually with Social Security Administration and receive the tax pre-bate monthly. It is based on the size of your household not income or wealth or actual expenditure.
Refer:
H.R.25
Fair Tax Act of 2003 (Introduced in House) http://thomas.loc.gov/cgi-bin/query/z?c108:H.R.25:
`CHAPTER 3--FAMILY CONSUMPTION ALLOWANCE
- `SEC. 301. FAMILY CONSUMPTION ALLOWANCE.
- `SEC. 302. QUALIFIED FAMILY.
- `SEC. 303. MONTHLY POVERTY LEVEL.
- `SEC. 304. REBATE MECHANISM.
- `SEC. 305. CHANGE IN FAMILY CIRCUMSTANCES.
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489 posted on
01/31/2005 11:11:00 AM PST by
ancient_geezer
(Don't reform it, Replace it!!)
To: eastsider
I'm not sure I understand your answer to FreedomCalls about the Family Consumption Allowance (FCA). When you say, "By providing about as much information as you need to [] register to vote," I assume there would be an end-of-year type of reporting and then a rebate (?). If so, doesn't this undermine the promise of getting rid of the bureaucratic nightmare that is the IRS? You register name, address, and SSN for each household member (probably DOB as well). Then, you get a monthly payment of 1/12 times the NRST rate times the poverty line for the number of adults and children in the household. No receipts to keep, no additional filing -- you'd only need to refile when family status changes (birth, death, marriage, divorce, etc.) or when you move.
493 posted on
01/31/2005 11:13:39 AM PST by
kevkrom
(If people are free to do as they wish, they are almost certain not to do as Utopian planners wish)
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