To: Taxman
However, if the family spends more than $3,287 per month on new goods and services, they, they will have to pay the 30% tax exclusive rate on the excess amount. If the family spends their entire income of $3,333 per month, they will pay the FAIRtax on only $46 per month, $3,333 minus $3,287. That means they will pay just $13.80 per month or $165 a year out of their own pocket. Implementation of this means the gubment tracks where you spend your money. No thank you. There's a reason lots of people like to pay in cash.
4 posted on
02/06/2023 1:38:12 PM PST by
Tell It Right
(1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
To: Tell It Right
That amount is based on a model of average family spending at that income level. No tracking is involved or needed.
7 posted on
02/06/2023 1:52:14 PM PST by
Valpal1
(Not even the police are safe from the police!!!)
To: Tell It Right
Please read and study the legislation, H.R. 25.
And then quote to me the part that says the government will be tracking where you buy your stuff!
The idea is to eliminate government intrusion into how you earn your living and spend, save and invest!
25 posted on
02/06/2023 7:54:09 PM PST by
Taxman
(SAVE AMERICA! VOTE REPUBLICAN IN 2023 AND 2024!)
To: Tell It Right
What?
Nobody knows who spends what any different than now - the retailer just collects the tax and sends it in. Just like they do now with state sales taxes.
73 posted on
02/15/2023 7:56:43 AM PST by
Principled
(Biden is illegitimate and whatever he says can be ignored. )
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