Fair Tax Act 2025 Amendments. Earl “buddy” carter has proposed eliminating the internal revenue service (irs) and replacing the current us tax code with a national consumption tax through a bill. To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the internal revenue.
The tax would start at 23% in 2025, and it would be adjusted in future years. 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.