The bill, which is still being drafted, also would increase capital gains rates to equalize them with income taxes and move to a so-called "mark-to-market system".
That would require individuals to pay taxes annually on the appreciation of their investments, real estate and business holdings.
Help FAIRtax Get In The Presidential Debates in 2020
Enacting the FAIRtax must be a prominent topic on the Presidential Debate stage. We did it before, we can do it again, but we need your help!