What to do if you receive a text message from the IRS about the $1,400 stimulus payment? It could be a scam
- Tax season is exploited by fraudulent groups to commit scams, and one of the most common that has been detected throughout 2025, was presented after the announcement of the Interna
The article from Marca discusses the potential impact of a new bill in the U.S. House of Representatives that aims to eliminate the federal income tax and replace it with a national sales tax. This proposed change, known as the Fair Tax Act, would shift the tax burden from income to consumption, potentially simplifying the tax system by removing the need for the IRS. Proponents argue that this would encourage saving and investment, as income would no longer be taxed. However, critics are concerned about the regressive nature of a sales tax, which could disproportionately affect lower-income individuals who spend a larger portion of their earnings on consumption. The bill has sparked a debate on tax fairness, economic growth, and the administrative overhaul required for such a significant shift in tax policy.
Read the Full MARCA Article at:
[ https://www.marca.com/en/lifestyle/us-news/personal-finance/2025/03/17/67d8460722601db5218b4574.html ]
Read the Full MARCA Article at:
[ https://www.marca.com/en/lifestyle/us-news/personal-finance/2025/03/17/67d8460722601db5218b4574.html ]
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