Don L.
PLEASE read the Full Fair Tax Plan and it’s associated research papers. You will find out that you will be FAR better off under the Fair Tax, than under the current Income Tax and other taxes that the Fair Tax Replaces.
Your First Mistake is not understanding what your current TRUE tax rate is; even if your not paying a dime in Income Tax, it’s estimated that there is an avg. 22% embedded cost in EVERY product and service that you currently buy…directly associated to current Income and other taxes. So, if your in the 15% tax bracket your true tax burden is somewhere in the 33 to 35% range..Minimum, and it only goes up from there. So to say that a 23% retail sales tax is too much, that allows you to take home your GROSS wage, reduces the embedded taxes in products, and stimulates the economy more than anything has done in at least the past 50 years, just shows that you need to become more educated on the Details of the plan.
I hear some retirees repeat the same things that you’ve posted, as if your not being “hit on both ends” Now. How about the Income Taxes that your paying on Savings and Investments? The Fair Tax eliminates these. How about the Death Tax? You’ve paid taxes a minimum of twice already on your assets when you count the embedded taxes on the items purchased, and your family will pay a third time upon your death.
The most important thing you need to consider is that the Current Income Tax is KILLING the American Economy, driving Jobs, manufacturing, Savings, Investment, and much more..Overseas. If we do not do make a REVOLUTIONARY change Very Soon, the United States will change from the leader of the WORLD to …the Leader of the Third World Nations. We’re already WELL on our way.
