What is the Prebate?

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  • Source: FAIRtax
  • 04/06/2021
No other sales tax in the world has a standard deduction like The Family Consumption Allowance in FAIRtax. Every citizen or resident legal registered alien can spend up to the defined HHS poverty level for their size household tax free. No one monitors or reports the spending. A pre-refund of the tax lets the spending on the essentials like food, clothing, and housing occur without tax.
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