If the FairTax passed, would you feel cheated on your Roth IRA?

The Roth IRA is funded with after tax dollars but the distributions will be completely tax-free. If the income tax were replaced with a consumption tax, would you feel ripped off?

Good question! However the "Fair tax" has maybe a snow balls chance in Hades of being enacted. Worse case we end up dually yoked with an income tax and a national sales tax.

Decent point, but as the "FairTax" would destroy the middle class in a year or two, it's irrelevant. The "FairTax" will be avoided by the rich (easy enough to do) and everyone who has serious medical expenses will be on Medicaid, welfare, or and/or bankrupted. This will all fall on the middle class, causing its extinction.

Check their lies out at:
http://www.fairtax.org/site/PageServer?p...
Pay particular attention to this:
"Why not just exempt food and medicine from the tax? Wouldn鈥檛 that be fair and simple?

Exempting items by category is neither fair nor simple. Respected economists have shown that the wealthy spend much more on unprepared food, clothing, housing, and medical care than do the poor. Exempting these goods, as many state sales taxes do, actually gives the wealthy a disproportionate benefit. Also, today these purchases are not exempted from federal taxation. The purchase of food, clothing, and medical services is made from after-income-tax and after-payroll-tax dollars, while their purchase price hides the cost of corporate taxes and private sector compliance costs.

Finally, exempting one product or service, but not another, opens the door to the army of lobbyists and special interest groups that plague and distort our taxation system today. Those who have the money will send lobbyists to Washington to obtain special tax breaks in their own self-interest. This process causes unfair and inefficient distortions in our economy and must be stopped. "
and this:
"Why not just exempt necessities from the FairTax instead of providing for a prebate?

The prebate is the most equitable and most efficient way to make the FairTax progressive. If the FairTax were to exempt necessities, the tax rate would have to be 20 percent higher than the FairTax rate with a prebate." that is question 4

So you can see, in their own words, IF necessities were exempted it would be yet 20% MORE! That means NECESSITIES DO NOT GET REBATED or PREBATED BUT TAXED--and who knows if that is a real 20% or a "FairTax" 20% which would be MORE?