[Proud2BeRight]

“Sory to disappoint you, but savings are not taxed under the FairTax.”

You being sarcastic? Why?

So, if I’ve saved $30,000 (after tax)from the past years and decide to buy a car with that under a fair tax plan, they somehow know that I have already paid tax on that money so the FT Man will not extract a 30% sales tax on the purchase?

[Mojave]

Retirees will just have to limit their purchases to used cars.

[robertpaulsen]

"So, if I’ve saved $30,000 (after tax)from the past years and decide to buy a car with that under a fair tax plan"

Ohhhhhh. You're going to spend it?

I think baybabe thought you were going to leave it in the bank forever. Or burn it.