I would improve it by adding that it only takes 1/2 to lower it
I absolutely HATE the “fair tax” from it's liberal-feel-good name to the zealots insistence on using the ‘tax inclusive’ method of calculation.
But worst of all is the “prebate” of $3500. That is just BEGGING for democraps to come along and say “hey- i think you need a $4500 “prebate” next year so vote for me!
(i am not sure of the exact figure)
RE: That is just BEGGING for democraps to come along and say “hey- i think you need a $4500 “prebate” next year so vote for me!
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There’s no reason why we can’t include the same 2/3 votes requirement to prevent that from happening.
Now, with my spending habits for necessities, I am pretty sure that I could come out ahead on the prebate curve, but the Pre-Bate has always struck me as a really odd thing for conservatives to get behind.
We want every taxpayer to get a monthly check from Uncle Sam? How does that minimize his presence in our lives?
How many false tax returns are filed now? Will that number go down when the carrot gets so big? Of course not.
The government response necessary to cut down on fraud will not shrink government either.
And if everyone becomes a tax collector (they will have to be, because the current regulations that say that barter is taxable will have to be stepped up when everyone begins to resort to barter, as we will), how does that help?
If you think the IRS can be unreasonable, try taking on your state’s sales tax division - which reminds me, the quarter just ended...
This whole argument that at least prostitutes, illegals, and drug dealers will have to pay in to system is made by those who don’t understand the limitless capacity of such people to find a way to scam any system. With the proposed rate at 23%, there is every incentive to do so.
Finally, whence comes the notion that businesses will reduce their prices to pass the embedded tax savings back to the consumer?