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There might be a few rich Boomers like me out there, and I would do very well with a 23% tax and the pre-index payment beforehand, but the vast majority of taxpayers will be hugely double taxed by a sales tax when they have already paid taxes on their property.

As other learned folks have commented, the proposal of the farttax is the largest confiscation of property ever, in the name of fairness, and as such, will never see the light of day.

It is over Piggy, and inane posts like yours will never bring it back. BTW, because you probably don't earn enough to fill out a 1040, you wouldn't understand what you are reporting. $7500 is "taxable" income. Far different than gross receipts.

You're spouting nonsense and misinformation. Read #96 again.

BTW there's no such thing as a "pre-index payment" nor do I know where you ever got that notion other than dream it up up out of whole cloth. Even the terminology is odd.

Nor is there any "confiscation of property" - any more than there is with the income tax ... the FairTax is revenue neutral, remember.

You're the one who quoted the "10%" tax rate dipstick and that is as I stated $7,500 AGI. And the 0% on about $25,000 under the FairTax is about zero also as I stated.

I have filed 1040s for many years as well as other types of returns required by the different entities I own and/or participate in so stop your childish pretense of superiority. You don't know what you're talking about.