Personal Finance (Not Investing) • Do I need to do anything now if I anticipate higher income in 3+ years?

"the shift to consumption taxes from income taxes,"
Have you experienced a significant shift from income taxes to consumption taxes? If yes, what do those details look like?

I don’t want to veer into politics, but I think tariffs are a consumption tax that have been touted as a way to reduce our reliance on income taxes as a way to fund the government. If you don’t think tariffs are a consumption tax, we can just agree to disagree. Fwiw, our income tax rates (other than state) have not increased while our consumption taxes have.

Statistics: Posted by rossington — Sun Dec 14, 2025 4:39 am — Replies 22 — Views 1360