[coloradan]

That already occurs. Some types of income can be taxed four times: a company makes money, pays income taxes on it. They pay it to you, a stockholder, as dividends, and you get socked for income taxes on it. Then you die, and leave it to your son, and he pays inheritance taxes on it. Then he spends some of it to buy gasoline for his car, and pays federal gas taxes on it. You already pay social security taxes on income withheld from you for SS, and then whoever gets it pays income taxes on it, too. The system is already incredibly unfair.

Replacing all this unfairness with a one-time, you will now pay federal sales taxes on money you have already been taxed on, is still unfair, but much less so in the grand scheme of things.

[RKV]

Understood and agreed that it is better to tax once than many times. LOL, I have an MBA, so I know a bit about economics. I am not naysaying the proposition (NRST). What I am concerned about is what happens to retired people of fixed means. I am not one of them, but I do have parents who are. I hope to be one myself someday. Several here have either missed the point of my question all together or said they answered it when they had not.