And then there are all of us with Roth IRA’s who paid taxes, invested for our retirement on the expectation that the accumulation would not be taxed, and folks poor enough that their Social Security benefits are completely untaxed.
The ‘Fair Tax’ is grossly unfair to everyone in either category.
Under “their plan”, 30% of every after tax penny you intend to spend in retirement is going to get confiscated... sounds “really fair”, eh?