Fair Tax Act 2025 Explained Simply

Fair Tax Act 2025 Explained Simply. 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. Direct tax code is a proposed legislation set to modernize, simplify and align india’s tax law into a single code by taking in a new era of efficient and transparent taxation.

Simply put, the proposed fairtax plan would eliminate all federal income taxes, payroll taxes, gift taxes, and estate taxes and replace them with a flat national sales tax. The dtc will replace the complex.