I’d rather have the flat tax. The “prebate” is the stupidest idea in the history of Earth
I agree. How big a bureaucracy would you need to send these prebate checks to everybody?
And that’s in addition to the already-huge, crippling bureaucracies that the 23%-inclusive Fair Tax was intended to support until cuts could be made.
You are misinformed re: the prebate!
The prebate effectively untaxes the necessities of life: (Excerpt FRom the FairTax FAQ web site — http://www.fairtax.org/site/PageServer?pagename=FAQs)
“Under the FairTax, all Americans consume what they see as their necessities of life free of tax. While permitting no exemptions, the FairTax (HR25/S122) provides a monthly universal prebate to ensure that each family unit can consume tax free at or beyond the poverty level, with the overall effect of making the FairTax progressive in application. There is no marriage penalty as the couple gets twice the amount that a single adult receives.
“While everyone pays the same tax rate at the cash register, the prebate results in effective tax rates (annual taxes paid divided by annual spending) that increase as the level of spending increases a progressive tax rate structure. For example, a person spending at the poverty level has a 0% effective tax rate, whereas someone spending at twice the poverty level has an effective tax rate of 11.5%, and so on.”