However, in 2013, the tax rates varied based on your taxable income. The following table shows that for incomes up to $12,750 the tax rate was 6%. If someone had a taxable income of $35,000, they would pay 6% of the first $12,750 (which equals $765). Then they would pay 7% on the amount over$12,750 up to $35,000. They would pay 7% on $22,250. (This number comes from $35000 - $12,750). If the person had an income above $60,000 the portion OVER $60,000 would be charged 7.75%. The total amount of taxes due would be calculated as listed in column 3 of the following chart.

And taxable income is more than:	But not over:	Your tax is:
$0	$12,750	6% of the NC taxable income amount
$12,750	$60,000	$765 + 7% of the amount over $12,750
$60,000	---	$4,072.50 + 7.75% of the amount over$60,000

Using the above chart, calculate the amount of tax a person filing taxes in 2013 would have paid if they had a taxable income of $50,000. Round to two decimal places

Then, assuming a flat tax of 6.5%, how much would the same person have paid in taxes? Round to two decimal places.

-Which method causes the person to pay the most taxes?

-How much more would they pay?

-As of 2018, the federal government has yet to institute a flat tax. The charts below indicate the 2018 tax rates for single and married filing jointly for each category of income.