H.R.25 - Fair Tax Act of 2009

OpenCongress Summary
Resurfacing for the 6th consecutive congressional session, this bill strives to repeal the income tax, employment tax, and estate and gift tax, and to replace them with a national sales tax at a rate of 23%. It sets forth provisions for the states’ collection of sales tax revenues and the Treasury’s handling of the remittances of such revenues while setting up two new tax bureaus in the Department of Treasury in the place of the IRS.

http://www.opencongress.org/bill/111-h25/show


What do you think would this be a good thing?