[LeGrande]

Depends on how much you spend vs how much you DON'T spend. Why would you have to pay anything on investment profits? You pay only when you spend them.

No, I would have to pay them first, when I buy the investment, before I earn anything. There will be no more investing.

[CIDKauf]

“No, I would have to pay them first, when I buy the investment, before I earn anything. There will be no more investing.” So with no more investing, what we will use all this money for....consumption? Wonder what that will do for the obesity problem!

[Hostage]

Buying stock is not the same as buying a new retail product. When you buy stock, you are buying shares previously owned. Stock is not a consumer item.

So you are off here. You will no longer pay 15% capital gain on investment income because capital gain tax is repealed and eliminated under the FairTax.

You will pay a consumption tax only when you consume.