Regarding the prebates, how does the taxing entity keep track of the amount spent? Would we have to keep track of receipts or use a special number for each purchase? Just curious.
Nothing that complicated.
_Every_ taxpayer gets the prebate, because it assumes that everyone will spend at least the poverty level.
I suppose you’ll have some SSN fraud going on, but that will be peanuts compared to the compliance costs we currently have.
Post 34 from Hostage has this link https://fairtax.org/faq. It speaks a bit about the prebate, though it doesn’t say if the prebate is electronically deposited for each taxpayer each month or how it is accomplished. Interesting points. Thanks Hostage.