How does the prebate work?<quoted text> The majority of workers will pay tax on 100% of their income. The more you make beyond the living check to check people, the less % you pay.
Why is it fair for a family making $60K pay on 100% of their income when a CEO might only have 40% of his income taxed.
"fair" tax, not likely. A tax wealthy people would love.
I wonder, how many foreign visitors will flock to the US when you just raised the price on all goods by 30%.
Me, I'm opening astore across the bridge in Canada. You want something, I'll buy it & then "use" it & sell to to you tax free.
All valid Social Security cardholders who are U.S. residents receive a monthly prebate equivalent to the FairTax paid on essential goods and services, also known as the poverty level expenditures. The prebate is paid in advance, in equal installments each month. The size of the prebate is determined by the Department of Health & Human Services’ poverty level guideline multiplied by the tax rate. This is a well-accepted, long-used poverty-level calculation that includes food, clothing, shelter, transportation, medical care, etc.