In the town of Taxville, people had to decide how they wanted to pay their taxes. There were two choices: the Old Tax and the New Tax.
Mr. Deduction liked the Old Rules. He kept careful track of all his expenses, like medical bills and donations, so he could lower how much tax he had to pay.
Mrs. Simplicity preferred the New Rates. She liked that it was easier to understand and had lower taxes for more people. She didn’t want the hassle of figuring out lots of deductions.
Everyone in Taxville picked what worked best for them. Some liked saving more money with deductions, while others liked the easier way of the new rates.