At Williams & Associates, a CPA firm located on the Main Line, in Ardmore, PA, we are constantly monitoring the progress of Tax Reform under the Trump administration agenda. While we welcome tax reform, it is important to understand that simplification of the tax code will eliminate a variety of deductions that can vary based on geographic locations. In Philadelphia, many tax payers would no longer be able to deduct Philadelphia wage taxes. Although the nationwide tax rates would decrease, the big winners would be located in southern states where state and local taxes are much less, or even non-existent. Read more at Forbes.