America’s two tax systems

Two tax stories, progressing on non-parallel tracks and in seemingly alternate universes, are in the news, both moving full-steam ahead. One story is about all of us, or rather almost all of us: Ordinary workers getting ready this Monday, April 15, for the first tax day after the Trump-inspired Tax Cut and Jobs Act of 2017. We are about to learn first-hand that Trump’s promise to fix our broken tax code was not quite kept.

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