Winners and losers under the Trump tax plan

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(Wall Street Journal)

Business owners who live in low-tax states, people who don’t take deductions, and heirs of very large estates are likely to benefit from President Donald Trump’s tax framework for individuals.

Salaried workers in high-tax states and people with large medical expenses, such as those in nursing homes, aren’t. Some people in both of those groups could owe more in taxes than they do today. For families with children, the outcome is unclear.

The tax overhaul unveiled Wednesday by Mr. Trump leaves crucial details to Congress, including the level of income at which each tax rate kicks in or changes to the capital-gains tax. Lawmakers will struggle to fill in these blanks because of budget pressures and the tax code’s complexity.

But the latest document does provide evidence of what the administration and Republicans in Congress want to do.