This week was tax week for my American readers—hopefully you all filed or received an extension. And with it comes to my mind the quote by that guy who did a lot of stuff in and for Philadelphia: Benjamin Franklin. Nothing in life is certain, he said, but for death and taxes.
Enter Indexed, who had this great Venn diagram on Tax Day.
Yesterday the New York Times published a piece looking at the potential impacts of the proposed tax reforms on Americans. Big caveat, not a lot has been detailed about what the reforms entail. Instead, much remains vague. But using the bits that are clear, the Tax Policy Centre has explored some possible impacts and the Times has visualised them.
I like the opening graphic, though all are informative, that cycles through various proposals. It highlights which group benefits most from the proposals. The quick takeaway is that while all would moderately benefit, the rich do really well.