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To: GeorgefromGeorgia
I am nearing 60 and close to retirement. Because of that, I will be in a lower income tax bracket, and benefit from a Georgia law that exempts much of my retirement income from state income tax. However, I like the FairTax. If it is good for the country,...

I am nearing seventy and, like you, will pay more under the NRST and, like you, I also support it because it is good for the country.

140 posted on 08/27/2007 12:55:50 PM PDT by Mind-numbed Robot (Not all that needs to be done, needs to be done by the government.)
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To: Mind-numbed Robot

You don’t know that you will pay more. You may think it but you don’t know.

You will if you choose get a rebate every month to use for necessities to offset the NRST.

You likely have your home paid off and all material things as you want them so you will not have a large amount of spending. You may travel but travel products and services will be reduced in costs and then brought back to today’s price via imposition of the NRST, i.e. a wash to your budget.

Your social security will not be taxed and your savings and investment interest will not be taxed.

The bottom line is you don’t know that you will pay more and very likely you will be better off.

I appreciate you wanting to do right by the country, it shows a lack of selfishness.

I would say instead “I don’t know if I will be better off or not under the FairTax, some say I will be better off, some say I will pay a little more but I think it is right for the country.”

The FairTax movement is working to initiate the Federal FairTax in certain selected states and territories to evaluate the effects. After the results come in we will have a better idea about retirement living under the FairTax.

Nothing will be done in a rash manner. As Americans we will test and verify as we are a practical innovative people.


151 posted on 08/27/2007 1:13:44 PM PDT by Hostage (Fred Thompson will be President.)
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