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To: Toddsterpatriot
No mandatory withdrawls for the old. No tax on your pretax savings unless you spend it. No tax on your 401K or IRA unless you spend them. No tax on your earnings unless you spend it. No gift tax when you give it to your kids.

There is no better plan to generate real wealth, and let people pass on the american dream to their kids.

486 posted on 12/26/2007 8:22:36 AM PST by kjam22 (see me play the guitar here http://www.youtube.com/watch?v=noHy7Cuoucc)
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To: kjam22
No tax on your pretax savings unless you spend it.

You almost had me. Yeah, except for the 30% tax on spending, the FairTax is perfect!

There is no better plan to generate real wealth,

There is no better plan to generate screw saved wealth.

488 posted on 12/26/2007 8:29:11 AM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: kjam22

Nicely said!!!


571 posted on 12/26/2007 2:00:32 PM PST by baybabe
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