What would your FAIRtax rate be?
The poverty level for a household is .
This corresponds to an approx. monthly prebate payment to you of .
The poverty level is calculated by the Dept of Health & Human Services
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.
FICA tax withholding AND lower take home pay
Cost of an Individual IRS Audit
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Search the 'Library of Congress' and track the progress of HR.25 The FairTax