[baybabe]

You are only taxed when you spend for consumption - and far and away every expenditure is NOT consumption. To see some of the things that are not, check post #282.

All of those things go to reduce your effective FairTax rate - the rate you actually pay each year (and it’s far, far less than the 23% - or 30% - number used by those who wish to retain the present system).

[Toddsterpatriot]

You are only taxed when you spend for consumption

You bet. My current, already taxed savings would be taxed again when I spend it under a consumption tax.

All of those things go to reduce your effective FairTax rate - the rate you actually pay each year (and it’s far, far less than the 23% - or 30% -

Is it less than the 0% I'll pay now when I spend my savings?