[groanup]

How do you deal with the prospect of paying a pre-index payment of 23% of the trillions in private accounts made with post tax money?

Most of those with "trillions" in post tax money have many more trillions in pre-tax money. That pre-tax money is suddenly relieved of any taxes or penalties. So MOST would see a blessing on MOST of their money and a possible decline in the purchasing power on a smaller amount of their money.

[Final Authority]

WRT 32. dopeyest argument I've ever been presented with. Yea, because you are dirt poor and live off you SS check, you think that millionaires just love to have their investments taxed twice. Basically, you are misguided and envious. You can't wait to sign up for a BIG, and for those other farttaxers who have replied saying that the BIG is voluntary, yea, that is another good one, people naturally and affirmatively pass up free money. All I can say is, FOOLS.

[Polybius]

How do you deal with the prospect of paying a pre-index payment of 23% of the trillions in private accounts made with post tax money?

Most of those with "trillions" in post tax money have many more trillions in pre-tax money.

That statement is only true if you are living paycheck to paycheck and your paycheck is greater than your life savings.

If I were 18, the Fair Tax would be a financial windfall.

However, since I saved a considerable amount of post-tax money and have paid a considerable amount of Federal income taxes during the past 36 years, the Fair Tax only means that the Federal Government will have gouged me when I earned my savings and will gouge me one more time after I spend my savings.

In two words: Double Taxation.

There is a simple way to deal with the problem and I posted it a on Fair Tax thread a while back.

I'll let you think it over. Unless Fair Tax proponents address the Double Taxation issue head on, the Fair Tax is D.O.A.