To: xcamel
However, he believes the very rebate system that the fair taxers tout as helpful to the poor will engender bureaucratic rigmarole. Because such a payment to poorer citizens would come monthly, the government would need to keep monthly track of who is officially "poor." "You're going to have to have a rebate system and you're going to have to have monthly reporting of your income to a federal official," he said.
Wrong, wrong, wrong. Under the FairTax all citizens and legal residents get the rebate. Bill Gates' family will get the same one as someone with the same size family who earns nothing. Thus no income tracking or reported is needed.
13 posted on
01/26/2008 5:49:17 AM PST by
KarlInOhio
(Rattenschadenfreude: joy at a Democrat's pain, especially Hillary's pain caused by Obama.)
To: KarlInOhio
Thus no income tracking or reported is needed. Oops. I forgot that you still need to track income for later SS benefits.
16 posted on
01/26/2008 5:52:50 AM PST by
KarlInOhio
(Rattenschadenfreude: joy at a Democrat's pain, especially Hillary's pain caused by Obama.)
To: KarlInOhio
Read the bill.. income reporting is indeed in there.
17 posted on
01/26/2008 5:53:27 AM PST by
xcamel
(Two-hand-voting now in play - One on lever, other holding nose.)
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