Quote Originally Posted by Judy View Post
MW, the Rebate is available to everyone who is a US citizen or legal resident, regardless of income or poverty status. It is used to offset the FairTax up to the Household Consumption Allowance for everyone who signs up for it. It is not "distribution of wealth", because the amount is based upon actuaries of what people spend to survive, just like the personal deduction and dependent deductions on an income tax return. Do you consider the personal deduction and dependent deductions on your income tax return "distribution of wealth"? I didn't think so. You don't understand the FairTax.

Most people's retirement funds are filled with employer contributions or tax-deferred funds they put in themselves, which means the funds have not been taxed, and are taxed when they draw them out under the income tax. Under the FairTax, there will be no income tax, so these retirees will experience a great advantage because no income tax will ever be charged them. Yes, when they pull their money out of savings account that were not tax deferred retirement funds and spend it on living expenses or whatever they choose, they will pay FairTax on that portion that goes towards new products and services, but most will have signed up for the Rebate, and that exempts the FairTax from that portion of spending and yes they will pay FairTax on such spending above that level, the same as they would have paid income taxes that are embedded in the prices of goods and services now, but which will not be present in prices under the FairTax because there are no income taxes embedded in prices under the FairTax. See, you don't understand the FairTax, MW.

The men who started the organization that developed the FairTax were looking for a new tax system that would improve our country and the lives of our citizens. And that's exactly what they did. It's a shame you don't understand the FairTax well enough to see that. In fact, as these discussions move along, it appears you like most people, don't understand the income tax very well, either.
I understand the so-called fair tax plan well enough to tell when someone is dancing around and playing loosely with the actual facts, which you seem to do on a regular basis when confronted with a factual rebuttal. For example, your last dancing attempt didn't really answer my comments. It was just a bunch of gobblygook designed to cloud the issue .......... basically the same old talking points.