FairTax Act of 2025

This bill would eliminate federal income taxes, payroll taxes, estate taxes, and gift taxes and replace them with a 23% federal sales tax starting in 2027. The sales tax would be collected by states and would apply to most goods and services, except for business purchases and some government functions. Families that qualify would get monthly rebate checks based on the federal poverty level and the tax rate. The bill would shut down the Internal Revenue Service after 2029 and create new tax bureaus in the Treasury Department. If the constitutional amendment that allows income taxes is not repealed within seven years, the sales tax would end.

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