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To: JTHomes

I don’t get the prebate.

Fair tax is supposed to relieve us from the need for the IRS and reporting our income to the government.

How are they going to determine what the prebate should be if they don’t know what our income is?


31 posted on 05/06/2009 12:42:07 PM PDT by toast
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To: toast
How are they going to determine what the prebate should be if they don’t know what our income is?

They don't base it on income.

It's based on poverty level spending.

32 posted on 05/06/2009 12:43:26 PM PDT by Principled (Get the capital back! NRST!)
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To: toast
How are they going to determine what the prebate should be if they don’t know what our income is?

Per the Fair Tax Act:

(d) Annual Registration- In order to receive the family consumption allowance provided by section 301, a qualified family must register with the sales tax administering authority in a form prescribed by the Secretary. The annual registration form shall provide--
40 posted on 05/06/2009 12:58:06 PM PDT by Man50D (Fair Tax, you earn it, you keep it!)
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