Americans Face Varying Tax Impacts and Political Shifts Under Trump's Policies
TL;DR Summary
The new $3.4 trillion tax law signed by President Trump complicates the tax code by expanding benefits for certain groups like investors and high-income earners, while making effective tax rates vary widely based on earning sources and personal circumstances, moving away from the previous goal of simplification and potentially increasing inequality.
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- Trump's tax bill spells big changes for charitable deductions, college endowments CNBC
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