FairTax, ‘Pre-Bate’ un-taxes poor; every worker gets full pay
To the editor:
The FairTax “pre-bate” un-taxes the poor. FairTax assures every worker in America gets their full salary with no federal taxes deducted.
No more federal income or payroll tax deductions, including no FICA, and no Medicare.
Everyone gets his or her entire salary to spend. Federal taxes are only paid when you spend on new goods or services. With FairTax, the poor never have to pay tax on their living needs.
Every month, all legal households receive a prepaid rebate [pre-bate] to pay taxes on purchases up to the poverty level.
A single parent with two kids will be pre-bated $374 and a couple with two, $595.
ALL pay federal tax only on spending, none on income. FairTax is non-partisan, not liberal nor conservative, not Democrat nor Republican. FairTax is progressive.
There is no tax on a family of four spending up to $31,020 a year.
The same family spending up to $46,530 pays 7.7 percent, the same as we all now pay for FICA/Medicare alone.
End the political class’s control of our lives. To learn more about FairTax and the pre-bate, visit the website www.fairtax.org/PDF/PrebateExplained.pdf.