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NO softening needed.

The 10% in prices is an average of course already IN PRICES. At least that’s what the average was for the several years I calculated it in the 90s and first half of this decade.

But it isn’t just income taxes and fees. FICA is big [which of course remains under the flat income tax.] Nevertheless, the 10% is the average in prices right now. Look it up yourself. So it does make sense that prices would drop about that much right away.

Taxes can only be paid by individuals thru higher prices, lower wages, or reduced ROI. That’s it. The part that’s in prices is around 10%. All other tax costs are elsewhere and elsewhere is where we would expect other tax costs to disappear from.

When you take your after-tax savings out to spend, you’ll be taxed again [’bout 10%] and if you leave it to heirs they’ll be hit about 50%. Even if you give it away you’ll be hit w/ a substantial tax. Under the nrst you get hit with none of that - but as it is now you do get hit again [30% or so - whatever is rev neutral.] So you are so much not worse off under the nrst and may even be better off [but let’s hope not that means you’ve died!]

If you have any pre-tax savings, however, you will surely be better off than expected. If you ONLY have post-tax savings you are in a complete minority. Almost nobody has exclusively after tax investments.

Notwithstanding the above, it isn’t a good idea to double tax anything - in fact it is a fundamental principle of the NRST to tax things only once. So I am asking them to change it. Now I DID soften the letter far more than yours - which was probably not read.