[phil_will1]

"No one has answered my question about how you explain, under the (un)Fair Tax, the severe double taxation of after-tax savings and after-tax home equity from which retirees draw their living -- that is mean and nobody will address it. I'll be mean to day traders and you take on the retirees and we'll see who wins."

A couple of nationally recognized money managers have forecast that the Dow Jones would double within 2 years of passage of the FairTax. That dwarfs any minr differences in the amount of taxes that they would pay during that period. Furthermore, to the extent that they purchase US produced goods, they would be paying about what they do now. In addition, they would get the rebate up to the poverty level and that would untax them and increase their purchasing power by 15 - 30% up to that level.

So how is it that retirees are being hurt?

[APT Project Director]

"A couple of nationally recognized money managers have forecast that the Dow Jones would double within 2 years of passage of the FairTax. That dwarfs any minr differences in the amount of taxes that they would pay during that period. Furthermore, to the extent that they purchase US produced goods, they would be paying about what they do now. In addition, they would get the rebate up to the poverty level and that would untax them and increase their purchasing power by 15 - 30% up to that level"

That hardly answers the question of double taxation -- everyone with savings and home equity will pay big-time, full income tax replacement rates (you call it "Fair" Tax I believe)as they spend these funds. It hits everyone with savings and home equity but especially retirees who are about to live off of it. Please try again.