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To: Always Right
I made that point in #9, but maybe should have given its it own number. Interest is also taxed under the sales tax, but only the amount above the fed rate.

Yes but it is a different matter than the fact that savings will be double taxed, so I think it deserves its own bullet.

89 posted on 06/10/2005 12:14:16 PM PDT by balrog666 (A myth by any other name is still inane.)
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To: balrog666
Yes but it is a different matter than the fact that savings will be double taxed

Savings are already double-and triple-taxed, since most money put into savings is after-tax income. Then, when it earns interest, it's taxed again, then again when it is withdrawn.....Under the NRST, the money put into savings has not been taxed, and it is only taxed when it is withdrawn and spent, interest included...

375 posted on 06/10/2005 6:35:20 PM PDT by dirtbiker (Solution for Terrorism: Nuke 'em 'till they glow, then shoot 'em in the dark!)
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