For the basis of clarification.

Income tax occurs currently. If I have money I have saved from now, that is post-tax money, and I have paid income tax on it. If fair tax were to be implemented and I go out and spend that money, I am being double taxed on it, no ifs and ands about it.

So while UnfairTax terminates income tax it doesn't do so retroactively and hence doesn't solve this double taxation problem.


Quote Originally Posted by DuncanONeil View Post
You did get it wrong!
" Taxing the entirety of an income tax on said money, then turning around and raising the sales tax massively is true double taxation. "
Does not occur! The FairTax terminates income tax. It is not an additional tax!!!