The Fair Tax Act 2025. 25), presented on january 9, 2025, proposes to eliminate the internal revenue service and replace all current federal taxes with a national consumption. The new law is purportedly aimed at forcing illegal aliens to pay tax through purchases.
If passed, the fair tax act would radically restructure the nation’s tax system, replacing individual and corporate income taxes, the estate tax, and the payroll taxes dedicated to social. Grant thornton bharat llp is registered under.
