The Republican-controlled U.S. House of Representatives and Senate could spell disaster for the future of the IRS. A week before Inauguration Day, a dozen GOP lawmakers introduced the Fair Tax Act ...

Republican Representative Earl L. "Buddy" Carter of Georgia has introduced a bill to replace the current tax code with a national consumption tax known as the "Fair Tax." "The Fair Tax would ...

Buddy Carter (R-GA). As Kiplinger has reported, that bill proposes replacing the current tax code with a national consumption tax and eliminating the IRS. Regarding getting rid of the IRS ...

That timeline is similar to tax season start dates in years past. What is a national consumption tax?Here's how it differs from income tax. Your employer has until Jan. 31 to send your Form W-2 ...