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Republicans Vote to Abolish IRS u0026 Eliminate Income Tax

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LYFE Accounting

Tax Update 2023: Republicans will vote to abolish the IRS and eliminate income taxes moving forward. In this video, I discuss what could happen if the Fair Tax Bill is approved and walk through the pros and cons of the bill.

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Timestamps:
Intro (0:00)
Chapter 1: (1:15)
Chapter 2: (3:35)
Chapter 3: (5:52)
Chapter 4: (7:25)

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

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