[tpaine]

A number of us here have explained to you that the feds are NOT getting another 'shot' at taxing your savings. Taxation costs estimated at 23% are already built into the cost of all goods sold.

I support a national sales tax, but I have to disagree with you here.

You disagree because you don't understand the economics of the Fair Tax scheme.

Person A pays $25 on his earned $100 and saves it. After the NST, he spends his $100 on a widget costing $100 and pays another $25 in taxes.

After the effect of the Fair Tax kicks in, lowering manufacturing & selling costs, he spends $75 on a widget that formerly cost $100 and pays another $25 in taxes.

Given, -- lower costs do not happen overnight. Income Taxes must be abolished substantially before the sales taxes are put into effect.

[BearCub]

Go look at my example (post 199) again. In that example, the widget formerly cost $125. Now Persons A & B are paying $100 for it plus $25 in tax. But Person A has already also paid $25 income tax on his money and Person B has not.