[Principled]

If the death tax is repealed permanently, the fair tax rate remains constant as it already takes elimination of estate tax into account when determining rate... while the rate of flat income tax will have to go up.

The flat tax will take 17% of your taxable income plus 7.65% of wages up to 90k(?).That's 24.65% for most folks - without the necessary increase.

The Fair Tax nrst takes 23% of what you spend - taking the prebate on necessity spending into account, most folks will pay closer to 12% of spending.

Important to note that any amounts saved or invested have no tax paid on them.

Quick info on the Fair Tax

[rwrcpa1]

Neal Boortz's Fair Tax book is currently #1 on Amazon's non-fiction bestseller list and #2 overall (behind Harry Potter). It hasn't even come out yet. Steve Forbes' "Flat Tax Revolution" is currently #49 on the nonfiction list. It came out in July.

http://www.amazon.com/exec/obidos/tg/new-for-you/top-sellers/-/books/53/ref=pd_ts_b_nav/102-2016428-7344963?ts-parent-id=1000

[lewislynn]

The flat tax will take 17% of your taxable income plus 7.65% of wages up to 90k(?).That's 24.65% for most folks - without the necessary increase.

Define "taxable income" before making comparisons to taxing 100% of your spending.