Tax reform

While you're trying to determine what happens when you subtract line 35 from line 43 on your tax form, you might ask: Why is this so complicated?

Like it or not, some form of major tax change is coming over the next several years. The reason is well-known: The federal government's dire long-term fiscal situation. The real question is what kind of tax overhaul.

If you're answer is: "For the tax breaks, of course!" you might be offered less of an incentive in the near future....