Here's how your take-home pay could change if Trump's new tax plan is passed
Hmm....I keep wanting to believe that a plain 10% "flat Tax" would be the best way to do this, since the looters ARE going to loot, no matter what. All of this "talk" keeps adding up to just making the smoke a different color and making the mirrors more polished. It still is a game where you have to try to "out loot the looters" using all their weird gambits and tricks. There is still way too much money to be taken by keeping the current system, and all the "donations" it causes to be made, to political campaigns.
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If we wanted that kind of "simplification" we could do it now: don't bother to itemize expenses and taxes and simply pay more to the government. Surviving, let alone profiting, is much harder than such easy losses. It would be much "simpler" to stop thinking and working to protect your assets.
If government really wanted to eliminate the outrageous burden of its artificial, time consuming complexities it would "simply" get off our backs. Instead we get another shell game in the name of watching the shiny object while the tax system is made more progressive and more people are taken off the tax rolls completely because they already don't itemize and the standard deduction goes up. It's planned to do that behind all the PR rhetoric.
Strike N-O-W.