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Old September 7th 04, 01:57 PM
Wdtabor
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In article , "CB"
writes:


Shift the sales taxes away from the things people need to have to live and
put tax on the things that are not essentials to live.


THe FairTax addresses this not by exempting certain goods, but by rebating the
sales tax paid on spending up to the level determined as needed to cover basic
expenses.

Using a formula very similar to that currently used to determine the poverty
line, the tax paid on necessities for a given family size is determined and
each month you get a check (or more likely, an electronic deposit) to reimburse
you for that tax. The effect is that basic living spending is tax free to
everyone, rich or poor alike.

--
Wm. Donald (Don) Tabor Jr., DDS
PP-ASEL
Chesapeake, VA - CPK, PVG