Fair Tax Personal Calculator

[pigdog]

Spend some quaality research time on the bill and the FairTax website and I think you'll see the benefits for most people under the FairTax.

[pigdog]

Really? Why do you feel that way? There's a very good chance that isn't the case.

[Buckeye Battle Cry]

Think about what the dems can do with the Fair Tax once they regain control on the Hill. It's a VAT just waiting to happen.

[pigdog]

To overturn a tax law of the land that will be very popular with the people - as the FairTax will be - it would be very difficult to make it into a VAT.

Remember, there are plenty of bad experiances with VATs to point to and there would be a lot of opposition ... even within the Decocratic party.

[tarheelswamprat]

nobody is lieing to me. i am just reading the law. i intend to spend every nickel of my social security payments and i will therefore be taxed at approx 23% on all of it vice the current 10% on a max of half of it. i would have liked this law when i was a wageearner but i hate it now that i am retired and ready to draw my social security.

Your concern is understandable. However, there is a mitigating provision that will offset this factor. It's called the "pre-bate". If you go to the Fair Tax website and read up a bit on that provision I believe you'll understand that it will more than compensate for and offset the effects of those changes which understandably worry you.