Only income above $ 22700.00 would be taxed (Armey)
Your Armey Flat Tax would be: $ 3791.00
Only income above $ 26200.00 would be taxed (Forbes)
Your Forbes Flat Tax would be: $ 3196.00
Only income above $ 27000.00 would be taxed (Gramm)
Your Gramm Flat Tax would be: $ 3120.00
Under Current Taxation Laws:
Gross Income = $ 46500
Deductions = $ 7000
Exemptions = $ 5000 ($2500/person incl. self for 1995)
Taxable Income = $ 34500
Tax Bracket = 15 %
Your current income tax is $ 5175.00