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To: Your Nightmare
But you are giving some people back more than they paid.

How often will it happen that an individual does not purchase the necessities of life? Maybe buy-up one month to save the next month - but that means they paid last month.

What is the alternative? No rebate? Then you'd complain that it wasn't fair to everyone. You simply don't want this to happen.

In the case someone decides to grow their own food with their own seed and consume nothing - it would be easy to see this won't happen much if at all - people like being comfortable - people like electricity at home, prepared food, cable tv, cell phones, boats, etc....but in your little case you want to magnify - the alternative is no refund of taxes on necessities. That would be unnacceptable to pass the reform bill (which is your goal, I know) but not to 3/4ths of the folks who hear about this reform.

And it is a refund of overpaid taxes - any tax paid on necessities is an overpayment. It is only something different in the unlikely situation above... So only in those cases (and I'm not convinced those cases will happen) could you call it other than refund. Go ahead. But it is a refund for the people consuming their necessities.

325 posted on 02/15/2005 8:28:49 AM PST by Principled
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To: Principled
How often will it happen that an individual does not purchase the necessities of life? Maybe buy-up one month to save the next month - but that means they paid last month.
About 35 million people in 2003.
379 posted on 02/15/2005 10:02:22 AM PST by Your Nightmare
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To: Principled

How often will it happen that an individual does not purchase the necessities of life?

According to Consumer Expenditure Survey data, somewhere around next to none.

 

http://bls.gov/cex/2001/Standard/income.pdf

Table 2. Income before taxes:
Average annual expenditures and characteristics, Consumer Expenditure Survey, 2001
Complete reporting of income a/
Item Total
complete
reporting
Less
than
$5,000
$5,000
to
$9,999
$10,000
to
$14,999
$15,000
to
$19,999
$20,000
to
$29,999
$30,000
to
$39,999
$40,000
to
$59,999
$50,000
to
$69,999
$70,000
and
over
Households (thousands) 88,735 4,100 6,829 8,099 7,014 12,075 10,508 8,737 12,480 18,892
Income before taxes b/ $47,507 $1,666 $7,675 $12,380 $17,282 $24,494 $34,456 $44,418 $58,943 $113,978
Income after taxes b/ $44,587 $1,528 $7,678 $12,388 $17,086 $23,924 $33,047 $42,362 $55,572 $104,685
Average annual expenditures $41,395 $20,517 $16,625 $20,642 $25,028 $28,623 $35,430 $40,900 $50,136 $76,124
Estimated market value of
owned home
$97,681 $41,007 $49,326 $53,907 $58,377 $61,612 $72,720 $79,331 $115,123 $194,720

394 posted on 02/15/2005 10:50:54 AM PST by ancient_geezer (Don't reform it, Replace it!!)
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