All Aboard the Tax Volatility Train

For more than three decades, the American tax system has chugged along smoothly.

Sure, there were tax bills that passed in 1990, 1993, 2001, 2003 and 2012, but many of the changes in these bills were primarily focused on tax rates, brackets and deductions for high-income earners and investors. So, if you weren't in the top tax bracket, your tax life has been relatively stable.

But that world of relative tax stability came to an end last December when the , the most impactful tax bill since 1986, was signed into law. Just like the stock market can be volatile (as we were all reminded in February and March of this year),