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Ever since they won control of the government in 2016. Republicans have been obsessed with getting this one thing done. Tax reform. Were going to have a phenomenal tax reform. Theyve passed a bill, the President has signed it, so lets break down whats actually going to change. Imagine that instead of getting paid in dollars, you got paid in cereal. The government takes a certain amount of cereal in taxes. And it uses it to pay other people to do things build roads, fly fighter jets, do research. You get the picture. The more you earn, the bigger the share of your cereal the government takes. Sometimes the government wants to incentivize you to do certain things with your cereal. Like if you buy a house for a hundred pieces of cereal, and then sell it for 200 pieces of cereal, youd normally have to pay capital gains taxes on that profit. But theres a special loophole that says you dont have to. The tax code is full of loopholes like this, which means if everyone puts their c
