Institute on Taxation and Economic Policy

January 25, 2023

Yahoo Money: The Fair Tax Act Aims to Abolish the IRS and Set a National Sales Tax. Here’s How It Would Work

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Imagine this: Instead of paying federal taxes to the IRS, you pay them to your local cafe every time you buy a latte or to your supermarket when you make a grocery run — or to countless other businesses when you make purchases.

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