Rebates

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Rebates

TB — 12/15/2007 5:44:35 PM (archived)

The particular "Fair Tax" idea I referenced below has a "prebate" function that is supposed to insulate lower-income people from the higher prices.

(Note: I haven't studied this particular plan thoroughly, so I'm not a full-up supporter of it yet, but I do like the general concept.)

There is a calculator function here (Excel file) that you can run your own situation through and see how you do. Unfortunately, it currently requires you have Excel on board (a Java one is under development) Assuming you can run the calculator, I'd be interested in the results.

I come out about $25,000 ahead, best case.

Note that the costs to businesses and individuals of simply complying with current Federal income tax requirements (above and beyond the actual tax) range from 1 to 5 percent of our GDP.

The whole thread (25 posts)

Morgan Stanley Seems to Be A Bit Concerned - azstrummer - 12/13/2007 2:24:57 PM
- Marriages, families, tax revenues fall victim to wave of foreclosures - Lindy - 12/14/2007 5:45:50 AM
  - Yeah but look at all the pre-Christmas sales! - Ima Liberal - 12/17/2007 10:29:36 PM
    - re: Yeah but look at all the pre-Christmas sales! - azstrummer - 12/18/2007 2:46:44 AM
- re: Morgan Stanley Seems to Be A Bit Concerned - SDAI-Tech1 - 12/14/2007 12:39:06 AM
- re: Morgan Stanley - TB - 12/13/2007 6:42:02 PM
  - growth - azstrummer - 12/13/2007 7:45:47 PM
    - Well said Art (n/t) - James Brown - 12/15/2007 4:10:43 PM
    - I don't pick the statistics. - TB - 12/14/2007 12:08:55 AM
      - Tax system - azstrummer - 12/14/2007 3:23:35 PM
        
        re: Tax system - James Brown - 12/15/2007 4:22:31 PM
        
        Rebates - TB - 12/15/2007 5:44:35 PM
        
        Gee, I might even be able to take a vacation or save $$ under the Fair Tax System. - Eri - 12/16/2007 4:24:07 AM
        
        re: Tax system - TB - 12/14/2007 7:16:18 PM
        
        One more thing on "box stores" - TB - 12/14/2007 7:35:42 PM
        
        I don't howl about Wal-Mart because they're not Union - Eri - 12/16/2007 4:26:59 AM
        
        That's an odd statement. - TB - 12/17/2007 2:16:17 AM
        
        And something to check out... - TB - 12/17/2007 2:17:23 AM
    - You must be against illegal immigration. - TAFKASE - 12/13/2007 7:57:11 PM
      - re: You must be against illegal immigration. - azstrummer - 12/13/2007 10:48:25 PM
- Dont tell TB. Everything is rosy. (n/t) - Tony - 12/13/2007 6:18:46 PM
- "the latest report is written in tones that may is rattle the fast-diminishing band of optimists." - Lindy - 12/13/2007 4:04:26 PM
- There could be a recession in 2008. - TAFKASE - 12/13/2007 3:41:52 PM
  - re: There could be a recession in 2008. - Lindy - 12/13/2007 4:08:46 PM
    - If they do stall, look for the stall to start in Europe. - TAFKASE - 12/13/2007 7:15:50 PM

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