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To: phil_will1
Thank you for your description of what a necessity is vs. a luxury. That is one area of the Fair Tax that I was wrestling with, the prebate or untaxed items.

I am much more in favor of the prebate now. I could see this turning into another 60,000 page tax code once we start talking about what is luxury or necessity. I'd rather keep it simple.
895 posted on 08/09/2005 5:01:24 PM PDT by Gvl_M3
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To: Gvl_M3
You are greatly misinformed!

Actually, there would be no 60,000 page code…when Congress selects the specific articles of consumption and places the amount on each specific article.

I suggest you study the first revenue Act of our country

As I see it, putting such a burden upon Congress would keep them busy, giving them less time to screw with us.

JWK

897 posted on 08/09/2005 5:43:26 PM PDT by JOHN W K
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To: Gvl_M3

"Thank you for your description of what a necessity is vs. a luxury. That is one area of the Fair Tax that I was wrestling with, the prebate or untaxed items.

I am much more in favor of the prebate now. I could see this turning into another 60,000 page tax code once we start talking about what is luxury or necessity. I'd rather keep it simple."

Glad I could help. The research that went into the FairTax indicated that the American people were firmly opposed to a regressive tax system. The rebate is both the simplest and fairest way to accomplish that. Trying to exempt specific items would be a nightmare (pun intended).


904 posted on 08/09/2005 8:40:00 PM PDT by phil_will1 (My posts are in no way limited or restricted by previously expressed SQL opinions)
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