### Question
How is the "assumed Federal income tax on competitive products income" defined?


### Answer
The term **assumed Federal income tax on competitive products income** is defined in *39 U.S.C. § 3634* as follows -

> the net income tax that would be imposed by chapter 1 of the Internal Revenue Code of 1986 on the Postal Service's assumed taxable income from competitive products for the year

#### Citation:
  - *39 U.S.C. § 3634*
  - Heading: **PART IV-MAIL MATTER > CHAPTER 36-POSTAL RATES, CLASSES, AND SERVICES > SUBCHAPTER II-PROVISIONS RELATING TO COMPETITIVE PRODUCTS**

