The End Of The IRS As We Know It? | The FairTax Act Explained

Is it time to say goodbye to income taxes in 2023? House Republicans introduced the FairTax Act of 2023 in January, and if it passes, a national consumption tax would replace the current tax system.

In this BetterWealth podcast, Caleb reacts to part of a video by Andrei Jikh, that outlines exactly what the FairTax Act is proposing and what exactly a national consumption tax is.

Caleb gives his assessment and expertise on the topic and whether he thinks this new tax system has any shot of passing into law.

Original video - https://youtu.be/jxEF7njtTgE?feature=shared

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