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All valid Social Security cardholders who are U.S. residents receive a monthly rebate equivalent to the FairTax paid on essential goods and services, also known as the poverty level expenditures. The rebate is paid in advance, in equal installments each month. The size of the rebate is determined by the Department of Health & Human Services’ poverty level multiplied by the tax rate. This is a well-accepted, long-used poverty-level calculation that includes food, clothing, shelter, transportation, medical care, etc. See chart in Figure 1a below. | Figure 1a: 2006 Rebate calculation (48 Contiguous States) | | Family size | HHS Annual Poverty Level (1) | Single Person | Married Couple | | Annual Consumption Allowance | Annual Rebate | Monthly Rebate | Annual Consumption Allowance | Annual Rebate | Monthly Rebate | 1
2
3
4
5
6
7
8
| $ 9,800
$13,200
$16,600
$20,000
$23,400
$26,800
$30,200
$33,600
| $ 9,800
$13,200
$16,600
$20,000
$23,400
$26,800
$30,200
$33,600
| $2,254
$3,036
$3,818
$4,600
$5,382
$6,164
$6,946
$7,728
| $188
$253
$318
$383
$449
$514
$579
$644
| NA
$19,600
$23,000
$26,400
$29,800
$33,200
$36,600
$40,000
| NA
$4,508
$5,290
$6,072
$6,854
$7,636
$8,418
$9,200
| NA
$376
$441
$506
$571
$636
$702
$767
| | (1) Source: Fed. Reg., Volume 71, No. 15, January 24, 2006, page 3848 |
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