Part II. National Sales and Use Tax

SECTION 3. FEDERAL INCOME TAX ABOLISHED
 

(A) All federal income taxes, regardless of their nature and regardless of the nature of the entity taxed, with the exception of Social Security, Medicare and Medicaid payroll taxes, are hereby abolished as of 12 o clock midnight on the date this Act becomes law.

(B) All federal income tax liabilities that were contractually created to become due and payable at some unspecified future date, such as those involving property transfers or individual retirement accounts, which are not due and payable as of the date this Act becomes law, are hereby abolished.

(C) All federal income tax liabilities that were due and payable on or before their abolition remain due and payable.

Read Explanation and Details for Section 3.