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To: Justin C who wrote (24468)	10/3/1999 9:05:00 PM
From: Sonny McWilliams	Respond to of 27012

Yes. The Roth Ira will be hurting. That is the reason I never went into it. I stated at the time, when so many investors where converting to the Roth IRA, that I personally would not do that. Tax laws just change too often for me to be comfortable with paying taxes up front on my investments when I don't have to. As far as double taxation is concerned, we are already being taxed double. We pay taxes and then have to pay taxes on what we save, if we earn income on it. I am one of those people the GOVT right now considers of not being a saver. My money goes into the stock market. So. If cap.gains are NOT being taxed, a sales tax would not be too bad. You will still get a deduction before you have to pay any other taxes and the FairTax act will not include items that are necessary for everyday living. So, if you don't want to pay sales taxes, don't buy what you don't need. gg. BTW. I don't think that you have to worry about having to pay double taxes on your savings this year. And, like I said, you will get a deduction. So unless you have large amounts of passbook savings income and the like, you will still come out way ahead the other way imo.