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In response to
"I would support a flat tax under the condition that we raise the standard deduction to fully encompass a sustainable standard of living"
by
znufrii
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FYI, the FairTax has something like this included.
Posted by
Strongbad (aka Rambler14)
Sep 19 '11, 12:53
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All valid Social Security cardholders who are U.S. residents receive a monthly prebate equivalent to the FairTax paid on essential goods and services, also known as the poverty level expenditures. The prebate is paid in advance, in equal installments each month. The size of the prebate is determined by the Department of Health & Human Services� poverty level guideline multiplied by the tax rate. This is a well-accepted, long-used poverty-level calculation that includes food, clothing, shelter, transportation, medical care, etc. See chart in Figure 1 below.
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Responses:
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