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Re: Go to your website...Calculating the Prebate
Read May 7: 'Fair Tax' is a Bad Idea New Message »
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David Nelson



Joined: 12 May 2008 12:27 pm
Posts: 27
Posted: 21 May 2008 12:29 pm
Post Subject: Re: Go to your website...Calculating the Prebate Read Article
Karen, you wrote:
Haven't you even gone to your website to calculate your "prebate?" You need to provide consumer interest paid, mortgage interest, charitable donations, tuition costs...sound familiar? In other words, you need to do every month what we now do once a year.

You need none of those to calculate the prebate or the FairTax. To calculate the prebate you need three things.
1. How many people are in your household?
2. What are their social security numbers?
3. Are any of them in jail (won't be getting a prebate if incarcerated)?

The FairTax calculator you visited online is a tool used to compare your tax liability under the current system to the FairTax system.
If anyone reading would like to see what she is referencing, Google "Americans For Fair Taxation Calculator" to see it.
The calculator asks the questions you cited above so it can roughly figure your tax liability under the current system and thus give you an accurate assessment of what your liability would be under the FairTax.

DavidFL10

 
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