$4K is what they told me. I haven't looked at their return. But they have no deductions outside the standard deduction, $15K is SS and $25K is pension and mandatory IRA disbursement. Looking at the rate tables, $4k seems about right.
11% is easy. 14% more likely.
You are omitting all of the non-corporate businesses. See earlier posts. The total cost reduction is AT LEAST $950B without including any of the inefficieny costs of the current system.
So Treasury (meaning the IRS -- who has quite a lot to lose) tells you the rate would need to be 24.5% just to replace the $1T of income taxes, and you believe them ? After you've just come up with a tax base of $9,716B ?
Care to explain how that can be ? 24.5% of $9,716B seems to be $2,380B -- over twice what the income tax brings in, and over $500B more than the Income and Payroll taxes together bring in. Using your $9,716B FairTax base, it only takes 18.5% to bring in the $1,800B the income and payroll taxes bring in -- the other 4%+ is to cover the cost of the prebate.
If you are going to use statistics, then at least be consistent.