What would be "necessities" ?
Food ? steak & lobster versus hamburger & fish-sticks --both tax free ...
Clothing ? new tennis shoes for the kids vs. my Nicona snake-tip cowboy boots ?
The rebate side-steps any social futzing by the congressritters.
Everybody gets a rebate offset equivalent to the poverty level spending. After that, it's "luxury" spending.
A full discussion at Cato.org
Visit Rebate! to see the "Family Consumption Allowance" (FCA) Chart.Also, visit FairTax vs Income Tax to see the impact of the FCA.
...and visit PETITIONS! Sign 'em and ask your neighbors, family and friends to sign.
"Nothing is so powerful as an idea whose time has come." -Victor Hugo
Cliff Cofer - West Des Moines, Iowa
"The Tax System's Broken. Let's Fix It!" GoTo: FairTax QUICK-TOUR!
Bye, bye... Income Tax (and IRS)! We won't miss ya' at all!