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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (111407)	4/27/2005 8:02:43 AM
From: John Carragher	Read Replies (1) \| Respond to of 793958

we will not see a vat tax.

To: LindyBill who wrote (111407)	4/27/2005 12:37:38 PM
From: MichaelSkyy	Respond to of 793958

Another choice...... FairTax Frequently Asked Questions: fairtaxvolunteer.org 1. What is taxed? The FairTax is a single-rate, federal sales tax collected only once, at the final point of purchase of new goods and services for personal consumption. Used items are not taxed. Business-to-business purchases for the production of goods and services are not taxed. 2. Exactly what taxes are abolished? The FairTax is replacement, not reform. It replaces federal income taxes including, personal, estate, gift, capital gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes. 3. How does the rebate work? All valid Social Security cardholders who are U.S. residents receive a monthly rebate equivalent to the FairTax paid on essential goods and services, also known as the poverty level expenditures. The rebate is paid in advance, in equal installments each month. The size of the rebate is determined by the Department of Health & Human Services’ poverty level 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. Much more info at web-site: fairtaxvolunteer.org