Donald Trump was recently elected as President of the United States. All of the taxpayers should begin to think about the tax code changes he could potentially make. According to the Tax Foundation, the changes could change your tax planning if it ends up getting past Congress. He has proposed many things such as eliminating the Net Investment Income Tax, the Alternative Minimum Tax, and allow above the line deduction for child care costs.
Analysis:
Donald Trump seems to be destructing our economy, and he hasn't even been in office yet. I'm scared to see what will happen in the future as he becomes more powerful. Will our economy become even worse than it has been before?
Source:
http://www.cbsnews.com/news/how-donald-trumps-tax-plan-could-affect-your-1040
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