Fair Tax Act 2025. 2025 is the first year for which a rate is set. Fairtax act of 2023 this bill imposes a national sales tax on the use or consumption in the united states of taxable property or services in lieu of the current income taxes, payroll taxes, and.
The bill seeks to abolish the irs and repeal all personal and corporate income taxes and the death tax. Although the bill won’t pass the senate or sustain a presidential veto, some conservatives.