awpitt
Main Streeter
As I have alluded to before - as much as I like the Fair Tax in principle - I'm not sold on it because there's little likelihood I can ever have an effect on the amount of tax I pay.
Especially once I retire, where my expenses might be the same, but my income will remain lower - and fixed.
When the government determines it needs "X" amount of money to run - they don't cut expenses. They raise taxes or run deficits.
As long as they run on that premise, they're always going to adjust the system to get the same amount, and the only way I pay less is for someone else to pay it for me.
And that's not happening.
Yes but govt operates this way regardless of the tax code, current or Fair Tax.