Unlike income taxes, which are progressive, tariffs function like a sales tax—affecting all income levels equally and hitting lower-income consumers harder.
Lakeland Wealth Management
13 posts
The key to investing is persistence and patience. Markets follow the cumulative mechanism. Those who stay the course through both thick and thin and stick to the long-term goals will win.
The IRS has announced new income tax brackets for 2024, with changes that could save households with stagnant income a lower tax bill.
The Consumer Price Index climbed 4 percent in the year through May, well below the recent peak of 9.1% last June and down from April's 4.9% increase.
Tighter credit conditions, recent banking turmoil, and higher mortgage rates gave a well-needed break to the acceleration of Fed rate hikes. Instead, they gave a false signal to the markets as the Fed was going to slow its pace.
