How will the gov't know what anyone's income is?
http://thomas.loc.gov/cgi-bin/query/F?c107:1:./temp/~c107kV2thr:e36975:
I guess they will only know about employed people....it does seem to be a sticking point...eliminating the tax on all necessities would be difficult, as that could include food, clothing, housing, transportation.
On the other hand if the rebate is keyed just to the Poverty Level, what difference does it make what the poverty level is at if everyone receives the same amount?About the only possible monkeying around would be if they drastically changed the poverty level for an individual vs a larger family unit or vice versa.
The rebate will be for taxes assumed paid. I guess one could get more rebate than taxes paid if they were somewhat self sufficient and consumed less of the necessities, by camping in the wilderness and hunting & fishing for their own food.
Despite not being perfect, the NRST seems much more efficient and less subject to influence by special interest groups to me than what we have now.
Easiest & fairest thing to do IMO would be to eliminate the rebate and lower the tax for all, but how to convince the socialists that is fair is the problem, they are so used to handouts now.
Yes. The main objections to the other nrst bills:
-there is still a requirement to track income
-there is still a requirement to have payroll taxes withheld
-there is still a huge opening for currying favor in the tax code via exemptions (doritos are food, fritos are a taxable snack... guess who gave to whose re-election campaign?)
HR2525 is the only nrst bill I've found that overcomes all three of these objectives of mine. Further, to the greatest degree, it imposes heavy downward pressure on taxes and hence spending.
HR2525's rebate mechanism is clearly the only way to prevent pols from currying favor in the tax code, IMHO.
WHile there have been legitimate questions raised on this thread about the rebate, the discussion is non-sensical. Each of the questions can be discussed logically and conclusions can be drawn. A logical discussion of rebate has been prevented from occuring on this thread, as I suspect was the goal of the poster in question.
However, a search on FR for "fair tax", "tax reform", etc will bring up a nice list of threads with some rational discussion.