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    What is national consumption tax? How is it different from income tax

    Smart WealthhabitsBy Smart WealthhabitsApril 11, 2026No Comments1 Min Read
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    What is national consumption tax? How is it different from income tax
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    Some US states have sales tax rates as high as 10%. Other states do not charge sales taxes at all. Consumption tax, the category that includes sales tax, is often a footnote at the end of the receipt, but it can also hit your wallet. Tariff is also a consumption tax. And tariffs are becoming quite familiar to American taxpayers, thanks to President Donald Trump’s ongoing campaign…

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