Quote:
Originally Posted by mwillman
I dont get it.
You want to stop payroll taxes and give people money to pay for what?
higher sales taxes.?
Where exactly does the prebate money come from?
How do we pay for infrastructure and all the other important things this nation needs?
What I do see you saying is what do we stop supporting so that we don't go into larger national debt becuase of the decrease in moneys to the government?
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Stop most, if not all, other taxation. The difference in the way taxes collected make a big differences that effect everyone. The effects are much more complicated than just the time of collection.
The prebate comes from the federal government, much like social security money. The money it taken from the taxation. The aim of it is to stop exemptions while helping the poor.
This tax was designed to make exactly as much money as all of our currant taxation. The government will make just as much money, although whether they spend more than they have is a different issue.
On this site there are multiple links on how they get the 23% figure.
It is under the section:
"The FairTax will not be revenue neutral (i.e. bring in the same revenue as the current system) at 23%"
Americans For Fair Taxation:
I used this because it was much easier than coping large sections from a book.
There will be no decrease in revenues to the government.
I hope that helps. I am off to mow the lawn.
