that is why the "fair tax" where everyone receives an equal rebate to cover a certain base level of spending has merit. 15% tax rate applied at point of sale u

that is why the "fair tax" where everyone receives an equal rebate to cover a certain base level of spending has merit. 15% tax rate applied at point of sale universally. Say $20K in spending per person is exempt. Each person receives rebate (or prebate) check for $3K. You end up with a progressive consumption tax.