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re: National Sales Tax - why not?

Posted on 12/3/16 at 1:31 pm to
Posted by Zach
Gizmonic Institute
Member since May 2005
112695 posts
Posted on 12/3/16 at 1:31 pm to
quote:

I'm not very familiar which the proposed mechanics, how does it do this?


The Fair Tax does uses actuarial numbers to determine basic needs of food, housing, etc for a family of 'whatever' and they get a prebate for that amount.

As a poster above said the Fair Tax makes the progressivity argument moot. The problem still remains that you would have to pass a repeal of the income tax before implementing it. Otherwise politicians would just add the sales tax to the current tax structure.
Posted by DavidTheGnome
Monroe
Member since Apr 2015
29309 posts
Posted on 12/3/16 at 1:40 pm to
quote:

The Fair Tax does uses actuarial numbers to determine basic needs of food, housing, etc for a family of 'whatever' and they get a prebate for that amount.



A prebate meaning the government pays them for the taxes they are supposedly going to spend before they do so?
This post was edited on 12/3/16 at 1:41 pm
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