Are Tariffs a Tax on Consumers?

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Feb 5, 2025

Bill Sweet, Chief Financial Officer and Tax Specialist at Ritholtz Wealth Management, joins the discussion to unpack the complexities of tariffs and their impact on consumers. The conversation dives into the soaring housing prices globally, offering a humorous comparison between the U.S. and Australia. Bill shares insights on tax optimization strategies for rental properties and inherited IRAs, emphasizing the importance of financial literacy for service members. The hosts even engage in a light-hearted debate about whimsical tariffs on personal favorites, keeping the mood lively!

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INSIGHT

Australian Housing Market

US housing prices are high, but other countries are worse.
Australia's median home price is double the US, with slower income growth.

INSIGHT

Housing Prices vs. Income

US incomes and housing prices have historically matched.
This trend has diverged in recent years, but it is drastically different in Australia.

INSIGHT

Australian Mortgage Market

Australian homeowners face rising prices and incomes that haven't kept up.
Most Australian mortgages are adjustable-rate, increasing homeowner costs with rising interest rates.

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On episode 159 of Ask The Compound, Ben Carlson and Duncan Hill are joined by Ritholtz Wealth Management Chief Financial Officer and Tax Specialist Bill Sweet to discuss unaffordable housing around the world, utilizing a rental to reduce taxes, tax optimizing an inherited IRA, if tariffs are a form of tax, and much more! Submit your Ask The Compound questions to askthecompoundshow@gmail.com!

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