A universal prebate would do that. Say someone was the individual poverty level was set at 20K. If everyone received an $1800 check (more for couples and families), including the rich, the poverty level sales tax would be prepaid.
Of course, giving everyone money might require a slightly higher level of initial tax... 10-10-10... but it would answer your issue without the necessity for record-keeping as to income, which is one of the problems with our current IRS-driven system.
The pre-bate seems like a lot of trouble to go through just to avoid some record-keeping.
Why not just make everyone file an EZ type form and give everyone the same standard deduction for the poverty-level income?
Then those who have no taxable income beyond the standard deduction owe no tax, but still file (as is required today).
The pre-bate seems like a lot of trouble to go through just to avoid some record-keeping.
Why not just make everyone file an EZ type form and give everyone the same standard deduction for the poverty-level income?
Then those who have no taxable income beyond the standard deduction owe no tax, but still file (as is required today).
The pre-bate seems like a lot of trouble to go through just to avoid some record-keeping.
Why not just make everyone file an EZ type form and give everyone the same standard deduction for the poverty-level income?
Then those who have no taxable income beyond the standard deduction owe no tax, but still file (as is required today).
Wow, sorry for the duplicate posts. That was some kind of mouse fart, for sure!