To: RKV
What I am concerned about is what happens to retired people of fixed means
- As has been mentioned several times, current prices are inflated by having roughly 20-25% of their cost as the result of income taxes. Remove that cost, and with the NRST proposed 23% rate, prices should stabilize in the roughly +/- 5% of today's rpices.
- Any income received (pensions, investments, Social Security, whatever) will be tax-free
- The family consumption allowance (FCA) offsets the NRST up to the federal poverty line. This especially helps those on low, fixed incomes by making virtually all of their spending effectively tax-free.
See FairTax.org's research paper for futher analysis.
202 posted on
11/03/2004 3:09:25 PM PST by
kevkrom
(Power corrupts. Absolute power corrupts absolutely. But it rocks absolutely, too.)
To: kevkrom
Thank you - finally a link to a detailed discussion.
203 posted on
11/03/2004 3:24:19 PM PST by
RKV
( He who has the guns, makes the rules)
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