You can create all the "progressive" protections and rebates you wish (at the risk of overly-complicating what is supposed to be a simple system), but my objections stand.
Your plan would end up entailing exactly the sort of problems I raise. I've seen it at work and you haven't. Thanks.
I'm not going to wade through your entire web site simply to point out the fallicies in a national sales tax.
You have been wrong on several points. Your choice to remain ignorant is just that--your choice. BTW, Man50C has also given you links to specific pages that will educate you on your wrong points..
You being a newbie should not chose to remain ignorant, IMO.
Where? I've lived all around the world and have not ever experienced an nrst. An income/vat combination yes - but no nrst alone. Where did you see it?
There are some legitimate concerns that people have regarding the FT, but at least they take the time to investigate it and learn whether it is a valid concern. You just make up your own answers -- not based in fact -- and then decide that you don't like the answers.
Help me, please. Would you call that approach ignorance or just plain stupidity?
Currently, a family of four with a gross income of $40,000/year and taking only the standard deductions and exemptions pays exactly $0 in Federal Income Taxes.
Under the "Fair Tax" plan, given that they "consume" their entire earnings the family would see the cost of their purchases rise from 40,000 to $49,200.
In return, they would get "prebates" of $4335.00 (at a poverty rate of $18,850 for a family of four).
In other words, this family of four would end up paying $4665 in taxes under the "Fair Tax" plan
In exchange for what? The five or six hours that they now spend filling out a 1040? I don't get it.