[Always Right]

I made that point in #9, but maybe should have given its it own number. Interest is also taxed under the sales tax, but only the amount above the fed rate.

[QQQQQ]

"Interest is also taxed under the sales tax"

Just how did you come to that conclusion?

[balrog666]

I made that point in #9, but maybe should have given its it own number. Interest is also taxed under the sales tax, but only the amount above the fed rate.

Yes but it is a different matter than the fact that savings will be double taxed, so I think it deserves its own bullet.

[Phantom Lord]

Interest is also taxed under the sales tax, but only the amount above the fed rate.

Interest is taxed today. And under the fair tax, if I made $500 in interest on my savings account in a year, the government could not tax it because they wouldn't even know about it because I would no longer have to file any income forms with them.