So isn’t today’s mega millions jackpot a good example of why the “fair tax act” is a fail
If I won the $462,000,000 prize how much would I pay under the fair tax act, day 1? How much would I pay each year if I only spent $1,000,000.00 dollars a year for the rest of my life even though the interest income alone would be at least 4-20+ times that annually?
What would I have to pay under today’s tax code? Day 1? And every year after that?
Somebody please explain how “fair tax act doesn’t benefit the shit out of the rich”

Please note if I win tonight I will be supporting the fair tax act