The federal tax code is about to undergo some big changes which have been proposed by President Donald Trump. How will going from seven brackets down to the suggested three affect your pocket?

The federal tax code is about to undergo some big changes which have been proposed by President Donald Trump. How will going from seven brackets down to the suggested three affect your pocket?
One lawmaker is proposing the removal of income taxes, but how realistic is his suggestion?
“While America awaits details on President Trump’s tax cut plan, one Republican lawmaker from California is proposing to fundamentally change the tax code…” [ Read more here ]