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To: Always Right
SS has problems to be sure.

But the prebate is a prefund of taxes to be paid.

Nobody has been able to show any data that indicates that the number of taxpayers who pay a negative tax rate will increase under the nrst. The nrst is an improvement in that regard.

Indeed, any and all data has shown conclusively that the nrst will be an improvement in that fewer individuals/families will have negative tax rates.

Even when people earn below the poverty level, they spend up to it... either using savings, borrowing, getting gifts, getting charity - whatever. People spend up to or over the poverty level.

Under the income tax, many of those reporting incomes below poverty level ended up with negative tax rates - even though they spent using savings, charity, etc. The nrst has that group paying tax.

981 posted on 07/26/2006 7:32:09 PM PDT by Principled
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To: Principled
But the prebate is a prefund of taxes to be paid.

Really? What in the bill stops a prisoner from getting a prebate check? There is no requirement that anyone pays taxes to get the prefund. It is an automatic welfare which will probably be extended to non-citizen residents by the courts.

1,011 posted on 07/27/2006 4:45:58 AM PDT by Always Right
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