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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: pala who wrote (7046)	9/28/1999 4:36:00 PM
From: Justin C	Read Replies (1) \| Respond to of 54805

The potential long term returns on even 2k [in a Roth IRA account] are incredable. There's one potential bugaboo to keep in mind when investing in a Roth IRA or other after-tax saving accounts. The federal sales tax (to replace the federal income tax) that is being promoted by the FairTax organization would be imposed on the ultimate expenditure of those savings, thus resulting in a double federal taxation. Recently two congressmen appeared on CNBC promoting the federal sales tax. When Bill Griffeth asked about citizens' concerns about a federal sales tax on monies that had already been federal-income-taxed, the congressmen said that we are "too mired in the present system" and that we should "be thinking of our grandchildren." I'm in favor of the simpler concept of a federal sales tax but not when it imposes significant double taxation. Just my opinion.