Oklahoma FairTax

Your MAXIMUM possible tax rate would be .

Maximum tax rate is only possible if you spend 100% of your income on new retail purchases.

The amount of variables to calculate your exact rate are infinite based on individual choices that will constantly change based on your spending habits.

As you are living below the poverty level the prebate will elevate you to the basic standard of living set by the Dept. of Health and Human Services.

Costs being replaced by FAIRtax:
If you're employed you're paying 7.65% FICA + >18% embedded tax costs already.

The embedded cost of our tax code in the consumer prices we pay.

• Where do you think businesses get the money to pay their taxes?
  
• This is estimated to cost consumers upwards of 18% of retail prices
• Source: Dale W. Jorgenson (Harvard University)

FICA tax withholding AND lower take home pay

• You pay 7.65 in FICA flat tax (or the full 15.3% if self-employed)
• Where does your employer get the money to pay their 7.65% from?

• 10 - 37% Federal Income Tax
• Not many people pay federal income tax in the end. It's whatever you can get away with.

Cost of an Individual IRS Audit

• 30% Compliance & Filing Costs