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To: Justin C who wrote (7189)9/28/1999 5:20:00 PM
From: chaz  Read Replies (2) | Respond to of 54805
 
I'm not up to speed on this Fair Tax stuff. Is not the proposed Federal Sales Tax to be in lieu of a Federal Tax on income...or am I really misinformed here?

If I'm correct, then monies placed in an IRA would be pretax, and expenditures, whether from income or investments, would be taxed the same.

Sort me out here, please. I (we) may need to contact my Congressman and Senators on this.