[baybabe]

But you didn't pay the $40 on the $100 you now spend. You paid $0. On a $100 purchase, you're actually paying your effective tax rate rather than the 23% since some part of the tax is returned in the form of the prebate.

But I don't get my withholding back, so it doesn't really remove my income tax, does it?

Get real - you want a retroactive refunding of all income taxes ever paid?? Surely you're not really that dense. Look at it this way, then, at least the FairTax will keep you out of tax prison due to gaming the tax system as you claim to have been doing.

[Toddsterpatriot]

But you didn't pay the $40 on the $100 you now spend.

I'm talking about my current savings. Money I saved from my paycheck (taxed income) and then invested. The money grew. Interest was received (and taxed), dividends were received (and taxed) and capital gains were realized (and taxes were paid on those too). Now, when I finally start spending these saved dollars, you want me to pay an addition 30% sales tax. Guess how I feel about that?

[Toddsterpatriot]

Get real - you want a retroactive refunding of all income taxes ever paid??

No, I'm talking about current withholding on my current pay check.

Surely you're not really that dense.

I couldn't compete with you in that area.

Look at it this way, then, at least the FairTax will keep you out of tax prison due to gaming the tax system as you claim to have been doing.

I never claimed that, so keep lying, you're good at it.