Are you serious? It's only for 23% of the poverty line, so if you're a family of 4, you only get All it does $5,750 A YEAR! You make a poor argument. All the Prebate does is make the 0% tax rate the poverty line. Every American gets enough tax money to buy goods up to the poverty line.
It's actually BETTER than the Earned Income Tax Credit, which only applies to people UNDER the poverty line.
The Prebate/Rebate/FCA is the STANDARD DEDUCTION for the FairTax, plain and simple. Comment?
Are you serious? It's only for 23% of the poverty line, so if you're a family of 4, you only get All it does $5,750 A YEAR!That doesn't make it a prebate, it doesn't make it a rebate. It's a demogrant or an allowance.
All the Prebate does is make the 0% tax rate the poverty line.And the 12% percent of the population below the poverty line makes money.
The Prebate/Rebate/FCA is the STANDARD DEDUCTION for the FairTax, plain and simple. Comment?It's not a deduction. Why do you think the bill calls it an allowance?