The inflation tax raise on America

Inflation continues to surge, increasing at a 7.9% rate in February, the largest increase in four decades. For a majority, consumer prices are rising at the fastest rate in their lifetime, with prices skyrocketing for gasoline, food, and shelter, the main household essentials.

Inflation is also effectively imposing a significant tax increase on the economy. Income taxes, sales taxes, and property taxes are all increasing due to inflation.