What I'm saying is that say you have $100K in a 401(k) or IRA today and retire tomorrow. You are gonna get wacked for income taxes on it. With the NRST you get all 100K
Until you spend it.
What some people don't realize is that once you stop earning wages, an income tax is basically a consumption tax. Your money is taxed when you take it out of savings and you only take money out of savings to consume it. So, basically, retired people have a consumption tax currently and at a much lower effective rate than the FairTax would offer them. And if they have any after-tax savings (eg. Roth IRA, equity in a home) they get taxed again when they spend them. Aren't they lucky!
The distrutional analysis of a NRST that I have seen confirm that older people are a big loser with a NRST.