Eomund on 04 January 2008
From FairTax.org link:
http://www.fairtax.org/site/PageServer?pagename=about_faq_answers#14
FairTax | Current tax | |
Expenditures = income | $50,000 | $50,000 |
Net tax | $6,803 | $7,918 |
Effective tax rate | 13.6% | 15.8% |