He probably spends somewhere around $200k/year to support he and his family (which will increase somewhat as college tuition rolls around for his three kids).
I can see how someone like him would find the "Fair Tax" fair...
If your cousin is paying "north of $2 million", then his income would need to be north of $6 million.
Where is all that income going ? If it will never be spent, then it doesn't really do him any good. What is the point of earning money if it is never enjoyed ?
When he, his kids, or his heirs eventually spend it (plus all the tax-free earnings on the savings), the FairTax would take 23% of it.
Depending on the source of his income, he may or may not end up significantly better off money-wise under the FairTax. Psychologically, of course, he'd be much better off with the FairTax.
You sound jealous. Do you feel all successful people should be punished for their success or is it just your cousin?
I don't know your cousin, but I am happy for his success and wish him continued success.
His kid's college tuition will not be taxed as it is considered to be an investment.
He will pay less with the FairTax, but he will still be paying considerably more than lots of other people. I hope that gives you some small consolation.