New tax laws can profoundly affect your net worth. Whenever the president convenes a panel to determine whether changes need to be made in the tax system, expect changes. The President's Advisory Panel on Federal Tax Reform recently released its report, titled Simple, Fair, and Pro-Growth: Proposals to Fix America's Tax System.

The idea of this round of tax reform is not less tax money for the government. No, the idea is to collect the same amount of money in a ... Log in to view full article.