[eskimo]

Only the uninformed.

Yeah right, it's already a given that previously taxed savings will be taxed again when spent.

[wgflyer]

"Yeah right, it's already a given that previously taxed savings will be taxed again when spent."

I don't think any fair tax proponents will argue that point. Future savings will only be taxed once, when you spend them. The interest, or capital gains you receive from investing those savings will not be taxed until you spend them. You realize, of course, that your current savings will be taxed when you spend them under the current system, just as they will under the FairTax. Only it's that sneaky embedded tax that gets you, which is almost the same tax levied by the fair tax. There is virtually no difference in how current savings are taxed under either system, but the FairTax won't charge you a further tax on your interest income. So, explain again how it is you prefer the current system?

[pigdog]

They will be taxed again when spent even under the present system.