Plus, if you make so much money that it puts you out of reach of any prebate, rebate, or whatever you want to call it, you wouldn’t have to file anything.
Only those who think they are eligible will have to apply to whatever they call what takes over the offices of the The FTRB, (Flat tax rebate brouhaha)
Once again, if you breath, you are "eligible" for the prebate which is calibrated SOLELY on the number of people in the household - and that is all you have to report.
The prebate goes to you whether you make 20K or 20 million. It's calibrated to cover the sales tax on amount of money spent for food, clothing, and other necessities up to a predetermined poverty level.
After that, how much one pays out in sales tax is pretty much up to them. You want a new yacht? Pay the tax. You want a secondhand boat/car/existent home = NO TAX. Repeat after me: NO TAX on any secondhand purchases.
The FAIR TAX is a consumption tax. The prebate ckeck will cover the taxes for necessities. Thereafter, it up the consumer what taxes they pay.
This means the millionaires will actually be paying their FAIR SHARE - no loopholes.
The illegals wont get the prebate check and will be paying the tax from dollar one - gotta love it. Ditto the drug trafficers etc.
Sound pretty dam* FAIR to me.
And the freedom of no KGB/IRS - how can anyone not want that?
...if you make so much money that it puts you out of reach of any prebate, rebate, or whatever you want to call it ....
The only way you could reach that stage is to die.
The prebate is based on being family siee only -- EVERYONE with a valid social security number is eligible.