Do you have sources for any of the perrcentages you are throwing around? And do you honestly think that the prebate wouldn't become one of the social engineering tools of this tax code?If somebody is spending less than the poverty level (which is basically everyone in poverty), they are making money on the "demogrant" (that's really what it is). And guess what happens if the tax rate goes up? Yup. They make more money while everyone else pay for it.
Oh, but certainly we do Nightie.
It's called a gross overhaul (and improvement thereby) 0of the income tax system.
It will aid most individual taxpayers as well as most businesses and will improve the economic conditions of the country as a whole.
Kellis91789 had a close-enough-for-government-work in his #195.
"if somebody is spending less than the poverty level (which is basically everyone in poverty), they are making money on the "demogrant" (that's really what it is). And guess what happens if the tax rate goes up? Yup. They make more money while everyone else pay for it."
So the 12% living at or below the poverty level will exert more political pressure than the 88% living above it who would be hurt by the rate increase? Can you explain why such a small minority would have such disproportionate political power under the FairTax?