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Also, the “prebate” the Fair Tax uses is something that the politicians can play around with.

The 'prebate' will be a larger problem than the IRS. We don't need the prebate. Just lower the rate. Keep it simple. Stop the progressive, entitlement thinking.

> The ‘prebate’ will be a larger problem than the IRS. We
> don’t need the prebate. Just lower the rate. Keep it
> simple. Stop the progressive, entitlement thinking.

Agreed.

Sales tax is intrinsically “progressive”, because people spend according to their income level.

I'm not in favor of the prebate, but that's part-and-parcel of the current Flat Tax idea. I agree...there should be no prebate. However, politically, there would have to be a "living expense" deduction, which is the $20K I made up. You can argue the $20K amount, but that seems reasonable to me.

Also, when I hear the IdiotInChief say: "The rich are taking advantage of tax loopholes and aren't paying their fair share", I can't decide whether to laugh or throw up. First, who does he think put the loopholes there in the first place? They put them in to hand out political favors in hopes of contributions to keep their a$$ in office. Second, the top 10% of income earners pay almost 70% of the tax bill. If anything, the rich should be paying less.

Finally, if Warren Buffet and his ilk really feel they don't pay enough taxes, why am I hearing about it? Why don't they just open their checkbooks, write a check for an amount that makes them feel warm and fuzzy, and then STFU. The rest of us are having a hard enough time with this Bozo running things without them adding to the problem.