[RobFromGa]

I didn't make the original assertion that a 17% increase in prices would be a wash with paying taxes on retirement withdrawals, I am disputing the assertion of the 'bender. I am challenging his assertion, and also challenging the assertion that most wealth in this country is held in retirement accounts.

[groanup]

Most of the "retirement" funds in this country are held in qualified (tax deferred) accounts. Most of the "wealth" may not be since a lot of wealth is tied up in real estate and direct ownership of company stock.

Under the current system the "qualified" money will be taxed at the taxpayers ordinary income tax rate when it is taken out, the real estate will be taxed at the capital gains rate as will the direct company stock.

Only the money set aside after tax will be tax free when put to use in retirement.

I can tell you from direct experience with hundreds of clients that most retirement "funds" are in qualified plans and will enjoy a boon under the fair tax. So will real estate and so will direct ownership of stock.

[pigdog]

And the basis for your statement is???