Ms word bill of sale5/17/2023 Tax revenues are to be allocated among (1) the general revenue, (2) the old-age and survivors insurance trust fund, (3) the disability insurance trust fund, (4) the hospital insurance trust fund, and (5) the federal supplementary medical insurance trust fund. ![]() The states have the responsibility for administering, collecting, and remitting the sales tax to the Treasury. residents receive a monthly sales tax rebate (Family Consumption Allowance) based upon criteria related to family size and poverty guidelines. Under the bill, family members who are lawful U.S. There are exemptions from the tax for used and intangible property for property or services purchased for business, export, or investment purposes and for state government functions. ![]() The rate of the sales tax will be 23% in 2025, with adjustments to the rate in subsequent years. ![]() This bill imposes a national sales tax on the use or consumption in the United States of taxable property or services in lieu of the current income taxes, payroll taxes, and estate and gift taxes.
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