Fair Tax Act 2025 Bill

Fair Tax Act 2025 Bill. The fair tax act of 2023 (hr 25) would replace the federal individual income tax, corporate income tax, payroll taxes, and the estate and gift tax with a national retail sales tax. Direct tax code vs income tax act:

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 estate and gift taxes. Direct tax code vs income tax act: