[Beagle8U]

“Damn straight. That’s the reason the rate can be lower. Everyone pays it. Not just the “top 53%” “

But SS and savings were already taxed once, 999 will tax it again. That wont sell.

[Watchdog85]

SS and savings are taxed now! Everytime you buy something or get a service you are taxed an average of 22% in hidden tax and that is before adding state sales tax.

[Atlas Sneezed]

But SS and savings were already taxed once, 999 will tax it again.

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If you’re on SS, then every dollar you’re receiving is taxation of some current earner. That earner will be paying sales tax when they purchase with their after-tax earnings.

What makes you so special that you shouldn’t pay a tax that those who support you are paying?

[Principled]

But SS and savings were already taxed once, 999 will tax it again.

Mostly true - but not all consumption will be taxed. That's minor to me though. The reason it will "sell" as you put it is that even though the money is being taxed again, individuals can still buy more with their dollars. Hell, even if it were close - or even worse off - I'd think a lot of people would be willing to take it provided the income tax code were erased and the 16th amendment were in the process of repeal.

But, like the transitional inventory credit that was written into the nrst "Fair Tax", there will likely be an analogous "transitional savings credit" to offset already income-taxed money. jmho