Here’s What Could Get More Expensive This Year If Income Taxes Are Eliminated

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Now that Trump is back in the White House, this proposal has gained momentum.

The government still has to collect money to remain solvent.

Removing anincome taxwould shift taxes on consumption.

However, a national sales tax will result in higher prices across the board in the short run.

It may take some time formarkets and consumersto adapt to the new tax changes.

Without an income tax, well likely see this inflate to become the 40% rule.'

The elimination of income taxes can also lead to higher housing prices.

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If landlords charge more for rent, it stands to reason thathomeowners will charge more moneyfor their homes.

Property owners will charge as much as buyers and tenants are willing to pay.

A large percentage of the extra money they keep may go toward housing.

Trumps policies can further accelerate the growth in housing prices.

The president may be forcing the Feds hand to lower interest rates amid recent economic uncertainty.

Eliminating the income tax would solidify a government fiscal policy that leans on tariffs.

However, these manufacturers will have to raise prices to retain profit margins if tariffs become the new normal.