So you and the other generationally envious farttaxers believe in double taxation. Not gonna happen as the Boomers vote in droves compared to the weak, the useless, and the indolent X'ers out there.
Because you farttaxers work so hard to dispel the truth about double taxation makes it clear to any reasonable person that in fact what you seek is indeed the extraction of wealth from those who have earned it to featherbed your indolence.
This is indeed a generational issue, as other threads on this forum have demonstrated. The hatred of the weak and useless generations who have come after the Boomers are well known. It is better that you educate yourselves and begin to work hard rather that to expect those of wealth to pay additionally to what has been expected over the years.
In Massachusetts the same is clear as the legislature and the Governor, Mitt Romney are intent on making health insurance a personal requirement for residency as auto insurance is a requirement for driving. The largest complainers are the weak and useless X'ers and later generations who actually believe that the Government owes them good health because there are so many "rich" people out there. Same with the farttax, and you can't argue otherwise.
BTW, for most retirees, with post tax investments, their real income tax rate is most likely around 10% after personal exemptions, because they no longer pay payroll taxes, so to say that a 23% tax on spending is lower than their marginal tax would be otherwise, just shows how deceitful and idiotic you are.
Boomer, Schoomer ... you've got some of the most foolish notions I have seen on these threads. You jump to some half-vast assumption and then hammer away at it despite the fact it is meaningless.
You don't even seem to realize that double taxation exists for you "wunnerful, industrious" boom-booms right now with the income tax and even if you'd already paid tax on you massive hoards of bux, you're going to pay what amounts to a hidden tax when you buy things due to the costs of taxes embedded into prices and hidden from you. Believe it or not, but income taxes drive up prices and you won't escape from paying more when you buy under the income tax.
If you don't think so, you're in serious need of a reality check. And you needn't be double taxed under the FairTax; just invest the money you've "brought over" and, since investment income (or any other) is not taxed under the FairTax merely use that investment income to purchase things with the prices that have been lowered under the FairTax. That way the funds "brought over" are not taxed at all (except for what you've already paid under the income tax).
If you're up to it, a little calculation will show you that you'd do better with the FairTax since not only do YOU control the timing and amount of taxable consumption (and remember not everything is taxed), but your effective tax rate wold typically be much lower that the marginal rate. Check the FairTax website or look here:
http://www.fairtaxvolunteer.org/smart/faq-main.html#48
As to your claim of "10%" income tax, that's very unlikely since the 2006 rates for a single taxpayer (10% )top out at $7,550 and I doubt many (Boom-Boomers or not) can live too well at that level. Even at the 15% rate, it tops at slightly over $30,000. Take a look at the FairTax graph in the link I just gave and you'll see the effective rate is much less than that. Even at the $25,000 spending level (on which there are no hidden taxes embedded in prices) the effective rate if not far from 0% due to the prebate. With the income tax at either 10% or 15% the person would also be paying increased prices due the the hidden taxes.
Better shape your Boomer buds up as they're greatly mistaken when it comes to the FairTax and they'll pay a great premium to remain under the income tax in the mistaken belief they are "saving" money or not being "double taxed".
Your comment about "... shows how deceitful and idiotic you are ... is both wrong and incorrectly addressed.