Fair Tax Act 2025 Passed In What Year. The tax would start at 23% in 2025, and it would be adjusted in future years. There are exemptions from the tax for used and intangible property;
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. It was introduced to congress by.