Here's how much money Americans could save — or lose — under Trump's tax plan
President Donald Trump vowed throughout his campaign that he'd overhaul the US tax system, simplifying it and putting money back in the pockets of American citizens.
Trump's proposed plan, if enacted, would almost certainly deliver on that first promise: It will pare down the seven current income tax brackets to just three, and it will eliminate personal exemptions in favor of increasing the standard deduction, among other changes geared at streamlining the tax code.
But will the plan result in
Read more »