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FAQs
What is the National Tax Rebate?
The National Tax Rebate is a plan to return tax dollars to all Americans by cashing out
failed social and corporate welfare programs, entitlements, and income supplements.
How much is a National Tax Rebate payment?
Depending on the final details of cashed out programs, the National Tax Rebate payments
could pay approximately $4,000 to every adult and $2,000 to every child each year. A typical family of four would receive about $12,000 per year.
How much does the National Tax Rebate cost?
Nothing. The government already collects this money every year. The $720 billion
distribution of the National Tax Rebate represents the income Americans earn to pay the taxes that support the current programs that will be cashed out. The National Tax Rebate simply restores that income to the
people.
Who receives the National Tax Rebate?
Every American under the age of 65. Seniors whose Social Security income is less than
$4,000 a year would receive additional benefits up to the National Tax Rebate amount.
Can I spend my National Tax Rebate payment on anything I wish?
Yes. The money can be spent on anything, saved, invested, or even used to reduce your
taxes. There are no strings attached. You are free to spend, save, or invest your National Tax Rebate payment as you see fit, without restriction.
What effect does the National Tax Rebate have on Social Security, Medicare, or Medicaid?
None. The three programs continue without change.
Would the National Tax Rebate be tax-free?
No. The National Tax Rebate payments are taxable income, subject to all local, state, and
federal income taxes.
Would payments be made to absentee parents?
Payments would be sent to an individual’s family home address, so the National Tax Rebate
supports family values.
Why not just cut taxes?
A tax cut benefits only a small percentage of Americans. The National Tax Rebate is a
universal and uniform plan that benefits all Americans.
What agency would be responsible for the National Tax Rebate?
The National Tax Rebate could be supervised by the Department of the Treasury with the
Internal Revenue Service (which presently processes income tax refunds) processing the actual payments.
Why should the wealthy receive a National Tax Rebate payment?
The National Tax Rebate is for all Americans. The wealthy pay more taxes, per capita, and
should receive their equal share of the rebate. Since every one receives the rebate, arbitrary discussions on bracketing are eliminated.
Would the National Tax Rebate require a tax hike or new government spending?
No. The National Tax Rebate, funded by cancelled federal programs, would be completely
budget neutral. No new taxes or spending would be required.
Would the National Tax Rebate result in a reduction in federal government employment?
Yes; however, the strength of the American economy has driven unemployment rates to
historic lows and the skilled federal employees should easily find work in the private sector. These employees would also receive National Tax Rebate payments, helping them in the transition.
What impact would the National Tax Rebate have on the overall American economy?
The National Tax Rebate would encourage more Americans to work in the productive economy at
a competitive wage and spend this income on what they need. The private sector is far more efficient than the government in spending money wisely, as much as 25% more in some studies. Both these factors would have a
very positive impact on the economy.
Would the National Tax Rebate hurt tax reform initiatives such as the flat tax or
national sales tax?
The National Tax Rebate is compatible with all current tax reform proposals.
Would anyone be able to inherit my National Tax Rebate payments?
No. The National Tax Rebate payments could not be inherited, but the savings growth or
investment gains made with payments already received would be part of your estate and could be passed on.
Is Congress considering legislation to establish the National Tax Rebate?
No, however every member of the House and Senate has been sent a copy of the book: THE NATIONAL TAX REBATE: A New America with Less Government.
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