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To: no-s
What do you mean, double taxing of savings?

What FreedomCalls means is that he's concerned that it isn't fair that someone who has done the right thing to save for retirement would have to pay extra just because of changing to an NRST.

It's a common concern. But you're already being double taxed on your spending today. Indeed, every single thing you buy has 20-30% invisible tax in it. In today's world, you're taxed when you earn it and taxed when you spend it on ANYTHING - even the necessities of life.

Under the nrst, only certain spending is taxed - income is never taxed. Under the nrst, there is no gift tax. Under the nrst, there is no death tax. Under the nrst, seniors do NOT have to pay anything more than they were going to pay anyway - and seniors do not have gift or estate tax.

325 posted on 02/09/2003 9:35:09 AM PST by Principled
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To: Principled
I use to be against a consumption or sales tax and for the income tax, until I realized how much tax I was spending that goes to these people who do not work because they feed off the government. A consumption tax is more fair, at least the "beggars" (read drug addicts in our state, OR) will have to pay their full share finally!
330 posted on 02/09/2003 9:40:27 AM PST by Ceoman
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