What is the Consumed Income Tax? July 2, 2014 TF Staff We've released a new video in which Tax Foundation Fellow Michael Schuyler explains the consumed income tax. For more videos, click here, or follow us on YouTube. Topics Individual Income and Payroll Taxes Related Articles North Carolina Set to Post Another Large Budget Surplus West Virginia Legislature Enters Special Session with a Revised Tax Plan on the Table To What Extent Does Your State Rely on Individual Income Taxes? Details of the Trump Administration Tax Proposal Released Today Tax Freedom Day 2017 is April 23rd An Outline of Nebraska’s Tax Reform Package Subscribe to The Weekly Tax Update Join over 30,000 subscribers! Get the latest in tax news and analysis, delivered directly to your inbox every week. Never miss a post! Get email updates when we post new content.