Reported about 8 hours ago
President Trump's plan to abolish the IRS and replace it with tariffs and a national sales tax could dramatically affect American households. While intended to simplify the tax system, experts warn it may lead to higher costs, disproportionately impact lower-income families, increase market volatility, risk a recession, and result in job losses. As discussions around these proposals continue, consumers should reassess their financial strategies in light of the potential changes.
Source: YAHOO