I'm certain your federal tax will be lower. 23% is the marginal rate. You need to discover your effective rate to compare to your 11.8%. This site has a reasonable calculator.
Enjoy
149 posted on 12/24/2007 9:29:52 AM PST by Principled
(Vaporize the "Divide and Conquer" taxes - Have everyone pay the same marginal rate!. NRST!)
Here is the official Fairtax calculator. Give it a try and see just how much more well of YOU would be under the FairTax as opposed to the current system.
156 posted on 12/24/2007 9:33:23 AM PST by Bigun
(IRS sucks @getridof it.com)