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Financial Planning / Tax Strategies


Subject:  Re: FairTax Date:  9/27/2012  6:30 PM
Author:  ferjen Number:  116695 of 129521

I think you had a great question, but don't expect honest answers on this board since several of the biggies here are tax accountants (ptheland) and the Fair Tax would be an attack on their existence, LOL! The only drawback I've ever heard is those with Roth IRA's would get screwed since they grow their money tax free for years only to get zapped by the Fair Tax which includes all the taxes that were dodged for all those years. I've never followed up to see what the advocates have to say about that, but I'm sure there is a workaround. As to what board to put this on, who knows. Maybe try the Retire Early Campfire for intelligent right wing views and the Retire Early Campfire Liberal Edition for the other side. Then meld them together and determine for yourself.
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