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Posted by scott s. on May 7, 2008, 4:52 pm
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>
> If I understand the Fair Tax and similar proposals correctly, you
> get a rebate check every month to ensure that you do not pay tax on
> purchases that would put you below the defined poverty level.
> Everyone gets this rebate whether they make one dollar or one
> million dollars. And, the formula for calculating the poverty level
> is clearly defined and based on some sort of index which is also
> easy to program. Plus, there would be a transition period for the
> software to be developed to do this totally new task. Based on that
> understanding, checks could roll out on a regular schedule without a
> hitch.
I agree that a regular rebate system would allow the agency to focus
on the outlyers. However, the "fair tax" (H.R. 25) does NOT propose
that "everyone" get a rebate; rather, the rebate goes to something
called a "qualified family" (Sec 302). Determining who or what meets
the "qualified family" test would provide plenty of opportunity
for problems needing customer service intervention by the 51
tax administering jurisdictions (not sure who would provide
cooordination in interstate problems). This data then flows to the
SSA who would make the actual payments as I read it.
scott s.
..
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Posted by Taxmanhog on May 8, 2008, 6:08 pm
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> However, due to IRS' one pass policy for ESPs, you and your husband will
> receive any stimulus credit you qualify for when you file your 2008 tax
> return.
I wonder if TAS will have a manual work-around for serious HARDSHIP cases?
It is Ironic, this law & program was designed to stimulate the economy by
placing funds in the hands of those experiencing economic stress.
IIRC, the LAW does not preclude such a policy, if they make it, problem
solved.
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<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
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<< Copyright (2007) - All rights reserved. >>
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Posted by Phil Marti on May 8, 2008, 6:27 pm
Please log in for more thread options "Taxmanhog" wrote:
> IIRC, the LAW does not preclude such a policy, if they make it, problem
> solved.
Well, there's the cost. Congress only appropriated roughly $300 million in
expenses for this effort, IIRC.
--
Phil Marti
Clarksburg, MD
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<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
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Posted by Harlan Lunsford on May 9, 2008, 8:59 am
Please log in for more thread options Phil Marti wrote:
> "Taxmanhog" wrote:
>
>> IIRC, the LAW does not preclude such a policy, if they make it, problem
>> solved.
>
> Well, there's the cost. Congress only appropriated roughly $300 million in
> expenses for this effort, IIRC.
>
Yeah, 147 for the payments and the balance with which to administer it!
ChEAr$,
Harlan
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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