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![]() "Wdtabor" wrote in message ... 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. The trouble with all these great ideas is that the cost of administering the taxes can out weight the tax benefit. In theory your idea sounds great, but the beauracracy involved would be immense. |
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