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).
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 its far, far less than the 23% - or 30% -
Is it less than the 0% I'll pay now when I spend my savings?