Please explain how you intend to achieve this and still implement a "fair" monthly rebate through the Social Security System.
And how do you manage to distinguish between monthly Sales Tax "rebates" and regular Social Security disbursements for retirees, widows, orphans, women with children, etc. etc. etc.
Oh, and while your at it, please explain how you're gonna determine what regular Social Security payments are going to be when there's no longer any individually tracked Social Security accounts keeping tabs on individual contributions during working careers.
Heck that sure sounds like full-blown communist redistribution to me!
You even wipe out Dubya's proposal for Social Security privatization! And IRAs and 401-Ks!
Sheesh! A full-blown, open-ended-distribution, Kommunistic, retirement distribution that has absolutely no connection to individual contribution during productive younger years!
Uh, I may be wrong, but I believe the Fair Tax takes care of that. I read the thing years ago.
If you don't want the pretax rebates(?), then don't apply for it.
My daddy was right about that and your time has LONG SINCE expired!
The Treasury is looking at long-term proposals to scrap the corporate income tax and replace it with a value-added tax, which would work like a national sales tax on consumer and corporate purchases.No mention of individual income taxes, only "corporate"...The NEW VAT along with the existing income tax on individuals would be needed to offset "the cost" of eliminating "corporate income taxes"...
What's really going to be fun to watch is the NST shills, who once chastised any VAT, claiming their pet tax scam not only wasn't one but never would become one, will be falling all over themselves in support of a VAT because Republicans/Bush are proposing it....They too will be repeating the administration mantra "a value-added tax, which would work like a national sales tax".