[n-tres-ted]

I heard no less an authority than John Linder state on Cavuto's show yesterday that the Fair Tax is a tax on accumulated wealth. I respectfully disagree. The Fair Tax reaches accumulated wealth only to the extent of expenditures for consumption. The Fair Tax reaches current earnings to the same extent exactly. If accumulated wealth is invested in production or in any manner other than consumption, it remains untaxed. But as accumulated wealth flows into consumption, it would be taxed by the Fair Tax, unlike the current income/payroll tax system

[Bigun]

The Fair Tax reaches accumulated wealth only to the extent of expenditures for consumption.

I agree and thought that I had said exactly that. Perhaps i did not say it clearly enough so thanks for the correction!

I'm multitasking here BIG TIME this morning so I'll admit to not spending a lot of time on what I have written here.

[rwrcpa1]

That is correct. If it is invested, it stays in investment tax free. Until the no good heirs spend it, of course. LOL

[RobFromGa]

I heard no less an authority than John Linder state on Cavuto's show yesterday that the Fair Tax is a tax on accumulated wealth.

Maybe Linder really doesn't understand the FairTax plan?