Fair Tax Act – Can Seniors afford it?

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How many of my retired friends could afford to pay a 23% federal sales tax in addition to what you pay in state and local sales taxes? Retirees are going to get hit the hardest by this proposal.

If you are a senior, did you plan to pay an extra 23-30% on everything?

Two interesting pieces of reading.

https://www.americanprogress.org/article/the-fair-tax-act-would-radically-restructure-the-nations-tax-system-in-favor-of-the-wealthy/

 

https://buddycarter.house.gov/news/documentsingle.aspx?DocumentID=15327