[kevkrom]

Here's a reason to NOT support a National Sales Tax. Let's say you are someone who made your money already and retired early. Example: you made $5 million, paid your 39.6% and are living off of your remaining $3 million. Every dollar you spend will be taxed AGAIN, and at 23% for a total of your money being taxed at a rate of 63% and that's only federal dollars. Add to it the 12.4% FICA & 2.9% Medicare and the 7% or whatever your state requires you to tithe A national sales tax will NOT benefit wealthy people in any way shape or form.

All that money is being indirectly taxed under the current system through artifically inflated prices for goods and services.

[HawaiianGecko]

All that money is being indirectly taxed under the current system through artifically inflated prices for goods and services.

Explain that to my accountants, maybe I can get a deduction for "triple" taxing of my money.

[Taxman]

Right you are, kevkrom. I call it the "tax cost of government," and it adds, on average, 25% to the retail cost of every domestic good and service.

Eliminate the corporate income tax and the Social Security/Medicare tax, and the price of US goods and services will decrease roughly 25%.

Your hypothetical retiree will have more spending power and realize a better standard of living under the Fair Tax.