[Final Authority]

What would be my incentive in retirement, say in 15 years, under the so-called farttax (do me a favor and cite a legal definition for "fair") to spend money at a 30% premium where my income tax marginal rate hopefully will be at 15% and that will only be about 1/3 of the money I will be spending, so the net marginal rate will be 5%.

Let me see, do I want to be taxed 5% or do I want to be taxed 30%? Let me think for a minute. Na, I'll take the 5% and keep the rest of my money. (based on My cousin Vinnie) What do you think, the whole of the electorate is stupid. The only reason you have gotten this far is because your proposal isn't on the radar screen of nearly anybody yet. When it is it will be made sport of like what happened that the stage for the topic of this thread. There have been academic reviews by think tanks which ridicule may of the ideas of your proposals. At some point in time it will be so obvious it will be just funny that there are so many holes that this tax will never hold water and it won't go to the floor to be voted on either. However, you and your friends have greased the skids to give us a NRST of about 3%. That deed alone is unworthy of any American who believes in our free republic.

[Final Authority]

May s/b many and it is "set the stage"

[Principled]

But when people are educated on the NRST HR 25, 70% (or something in the 70s) go for it.

[pigdog]

Actually, you'd have a lot of incentive. After that time period of time the US economy would have boomed so much - and hopefully your own business, too - you would hardly recognize it. In the interveneing time, you could have invested the retained $$ you're concerned about and earned completely untaxed money from those investments,

You would also have been receiving a prebate each month - unless you chose not to; it's optional - and you would be paying no more (and probasbly less) for the things you buy. If you wish to really get "well-er to do" during that 15 years you could economize to some degree by purchasing used things sometimes. The "30% premium" you mention only applies on certain types of purchases - I'd suggest you check a more realistic OVERAll marginal rate you might actually have by visiting the FairTax website or any of the otheer representative charts that have been posted all over these threads.

In other words, become well informed about the FairTax and how it can help you.