Tax Reform

[I spent the winter writing songs about getting better]

con: they would basically wipe out the dispoable income of everyone in college or under 25 except those who get everything bought for them by their parents. Terrible idea.

[I spent the winter writing songs about getting better]

Anyone 18+ gets a rebate, plus a small amount per child.

so in other words you would be screwed, unless your parents buy you everything. why  over high schoolers?

if everyone 18+ gets a rebate, wouldn't it be pointless then?

Just answer this flat out: would I have to pay more or less under this plan making about $10k a year? If more then it's a bad idea.

[I spent the winter writing songs about getting better]

Anyone 18+ gets a rebate, plus a small amount per child.

so in other words you would be screwed, unless your parents buy you everything. why  over high schoolers?

if everyone 18+ gets a rebate, wouldn't it be pointless then?

Just answer this flat out: would I have to pay more or less under this plan making about $10k a year? If more then it's a bad idea.

You don't get a rebate to refund all taxes on poverty level spending.

Making $10,000 a year ... I don't know.

Keep in mind I'm considered a dependent under my parent still...

[I spent the winter writing songs about getting better]

VAT taxes can be customized among commodities.  Basic needs (food) can be VAT exempt, while a Lexus can have a huge VAT.  In addition, for those under a certain income level can receive a tax refund to off-set the VAT on reasonable non-essential purchases (school supplies, gas, etc).

In a large society like the US, with thousands of companies, it would be a multi-year process of implementing a VAT since (for starters) cash registers would have to be updated in order to apply the correct VAT on the appropriate product.

bad idea then, because the costs of things like hair gel/dye and collector vinyls would go up, and that's what I mostly buy.