NO income is taxed under the FairTax until (and if and when) you spend it on taxable things ... and not everything is taxed. You need to inform yourself more thoroughly on how the FairTax operates. And recognize also that you receive a prebate each month (which also is not taxed until, etc. spent).
nobody is lieing to me. i am just reading the law. i intend to spend every nickel of my social security payments and i will therefore be taxed at approx 23% on all of it vice the current 10% on a max of half of it. i would have liked this law when i was a wageearner but i hate it now that i am retired and ready to draw my social security.