For most employed peoples (AKA not-socialists), the word "taxes" leaves a bad taste in their mouth. Especially after a stressful season of protaxtination. Alas, there be some good news on the horizon. Remember Trump's tax plan (see Donald Trump Releases Tax Plan. We Compare Directly With Bernie Sanders')? Looks like that's coming to fruition. It's being referred to as the "biggest tax cut in U.S. history."

President Donald Trump proposed dramatic cuts in the taxes paid by corporations big and small Wednesday in an overhaul his administration says will spur economic growth and bring jobs and prosperity to America's middle class.

The plan would reduce the number of personal income tax brackets to three from seven: rates of 10 percent, 25 percent and 35 percent. It would double the standard deduction from married couples to $24,000, while keeping deductions for charitable giving and mortgage interest payments.

Yeah, Democrats are currently sharting their pants. For good reason. Before the cries of "it's just a tax cut for corporate America!" begin sounding off, peep more of the details below...

On the other hand, the proposal would also trim other deductions utilized by wealthier Americans. This would include deductions for state and local tax payments, a change the could alienate support from lawmakers in states such as California and New York with higher state taxes.

It would also repeal the estate tax, the catch-all alternative minimum tax and the 3.8 percent tax on investment income from President Barack Obama's health care law. On the corporate side, the top marginal tax rate would fall from 35 percent to 15 percent. Small businesses that account for their owners' personal incomes would see their top tax rate go from 39.6 percent to the proposed corporate tax rate of 15 percent.

According to the current information, this change in taxation would be great news for the middle class and small business owners. Which means, of course, certain people won't be too happy about it (see FEEL THE BERN: Which President Would Raise Middle-Class Taxes the Most?). Particularly the folically challenged socialist goblins of America...

In short, Trump is tearing up the old tax code. Despite the left's political leanings, the few who hold day jobs would still feel the benefits of such a plan (watch Hillary Clinton Supporters Duped Into Supporting Trump's Tax Plan). Regardless, ready your earholes for plenty of haranguing from liberal snotboxes. Let the cryfest begin...

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