After 2027, the consumption tax rate would vary based on government spending. The combined federal tax rate would be determined as follows: A 14.91% sales tax to cover general fund spending, plus, ...

Many taxes, such as those on income, wealth and inheritance, are either too narrow or overly costly to administer, making ...

Dan Clifton, head of policy research at Strategas, warned that current trade policies effectively create a “pretty large consumption based tax” on American consumers that could represent a ...

The Bottom 40%, Middle 40% and Top 20% will pay GST based on their respective consumption. According to the Household income and household expenditure survey 2022, the average household income in ...

KUALA LUMPUR, July 10 (Bernama) -- The collection of consumption-based tax revenue has decreased following the re-implementation of the sales and service tax (SST) to replace the goods and services ...

The US faces a $400B consumption-based tax from tariffs – Strategas. May 05, 2025 3:28 PM ET S&P 500 Index (SP500), COMP:IND, DJI, US10Y, US2Y By: Monica L. Correa, SA News Editor 23 Comments.