Fair Tax Act 2025 Text. 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. 25, the fair tax act, to replace the current tax code with a national consumption tax known as.

25, the fair tax act, to replace the current tax code with a national consumption tax known as. 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.