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 Mississippi’s Pro-Growth Tax Swap Proposal Iowa Governor Outlines Plan to Cut Rates and Repeal Federal Deductibility Marriage Penalties and Bonuses under the Tax Cuts and Jobs Act Lower Social Security Benefits under Governor Cuomo’s Plan Introducing the Tax Foundation’s 2018 Tax Reform Calculator New York Taxpayers Must Pay for Ill-Advised Lawsuit Seeking Tax Cuts for Wealthiest Residents Subscribe to The Weekly Tax Update Join over 20,000 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.