One topic that is frequently being discussed is what the future holds for individual taxation under new President Trump. Numerous stories have been written on the issue; many proclaim that the wealthy will be the beneficiaries of Trump’s tax policies, and some declare that lower-income taxpayers will see tax increases....

Earlier today, I was working at a client's store in the back room. After a while, I heard one of the employees, "Annie," talking on her cell phone. A couple minutes later, Annie came into the back room as the call continued. I consciously tried not to eavesdrop and then...