U.S. Congress - H.R.25 Fair Tax Act
H.R.25 - Fair Tax Act
To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States. view all titles (3)
All Bill Titles
- Short: Fair Tax Act of 2011 as introduced.
- Popular: Fair Tax Act as introduced.
- Official: To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States. as introduced.
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- Past Seven Days: 472
- All-Time: 41,593
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OpenCongress Summary
This bill would eliminate all federal income taxes, payroll taxes and the estate tax, and replace them with a federal sales tax of 23% on the use or consumption of all goods, properties and services. The Internal Revenue Service would be abolished and replaced by an Excise Tax Bureau and a Sales Tax Bureau in the Department of the Treasury.Official Summary
1/5/2011--Introduced.Fair Tax Act of 2011 - Repeals the income tax, employment tax, and estate and gift tax. Redesignates the Internal Revenue Code of 1986 as the Internal Revenue Code of 2011. Imposes a national sales tax on the use or consumption in the United States of taxable propertyOfficial Summary
1/5/2011--Introduced.Fair Tax Act of 2011 - Repeals the income tax, employment tax, and estate and gift tax. Redesignates the Internal Revenue Code of 1986 as the Internal Revenue Code of 2011. Imposes a national sales tax on the use or consumption in the United States of taxable property or services. Sets the sales tax rate at 23% in 2013, with adjustments to the rate in subsequent years. Allows exemptions from the tax for property or services purchased for business, export, or investment purposes, and for state government functions. Sets forth rules relating to:(1) the collection and remittance of the sales tax, and
(2) credits and refunds. Allows a monthly sales tax rebate for families meeting certain size and income requirements. Grants states the primary authority for the collection of sales tax revenues and the remittance of such revenues to the Treasury. Sets forth administrative provisions relating to:
(1) the filing of monthly reports and payments of tax,
(2) accounting methods,
(3) registration of sellers of goods and services responsible for reporting sales,
(4) penalties for noncompliance, and
(5) collections, appeals, and taxpayer rights. Directs the Secretary of the Treasury to allocate sales tax revenues among:
(1) the general revenue,
(2) the old-age and survivors insurance trust fund,
(3) the disability insurance trust fund,
(4) the hospital insurance trust fund, and
(5) the federal supplementary medical insurance trust fund. Prohibits the funding of the Internal Revenue Service (IRS) after FY2015. Establishes in the Department of the Treasury:
(1) an Excise Tax Bureau to administer excise taxes not administered by the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF), and
(2) a Sales Tax Bureau to administer the national sales tax. Terminates the sales tax imposed by this Act if the Sixteenth Amendment to the U.S. Constitution (authorizing an income tax) is not repealed within seven years after the enactment of this Act.
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Organizations Supporting H.R.25
- National Taxpayers Union
- Americans for Fair Taxation
- National Small Business Association
Organizations Opposing H.R.25
- None via MapLight at this time.
Recent News Coverage
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End N.J. income tax, don't just cut it
New Jersey should focus on significantly increasing economic growth and implement a state version of the “FairTax” bill,” HR25 in the U.S House. Therefore, New Jersey should eliminate all personal and corporate state income taxes and ...
Candidates answer questions about their races in the general election primary
For the economy, I propose repeal of the 16th amendment and will sign on to H.R. 25 Fair Tax. My campaign is focused on the BEE; Borders, Energy and Economy.” George Harper, “Cutting taxes, cutting spending, cutting regulation – these do ...
Candidates answer questions about their races in the general election primary
For the economy, I propose repeal of the 16th amendment and will sign on to H.R. 25 Fair Tax. My campaign is focused on the BEE; Borders, Energy and Economy.” George Harper, “Cutting taxes, cutting spending, cutting regulation – these do ...
Recent Blog Coverage
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The American Telegraph » Blog Archive » Special Edition – May 9 ...
Just another reason why every American who wants to say good-bye to the IRS should contact their member of Congress and demand that they cosponsor and advocate for passage of HR 25, the FairTax Bill. This is the ONLY ...
The American Telegraph » Blog Archive » Special Edition – May 9 ...
Just another reason why every American who wants to say good-bye to the IRS should contact their member of Congress and demand that they cosponsor and advocate for passage of HR 25, the FairTax Bill. This is the ONLY ...
The American Telegraph » Blog Archive » Special Edition – May 9 ...
Just another reason why every American who wants to say good-bye to the IRS should contact their member of Congress and demand that they cosponsor and advocate for passage of HR 25, the FairTax Bill. This is the ONLY ...
Latest Letters to Congress
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H.R.25 Fair Tax Act
ayrerperformance
May 26, 2012
I am writing as your constituent in the 3rd Congressional district of New Jersey. I support H.R.25 - Fair Tax Act, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
Sincerely,
James Ayrer -
H.R.25 Fair Tax Act
amlargent
May 14, 2012
I am writing as your constituent in the 5th Congressional district of Missouri. I support H.R.25 - Fair Tax Act, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
Sincerely,
Amber Largent -
H.R.25 Fair Tax Act
patrickhenry714
May 13, 2012
I am writing as your constituent in the 5th Congressional district of Florida. I support H.R.25 - Fair Tax Act, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
Sincerely,
Michael Hotaling
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