How could a new tax plan affect you?

"It's a confusing topic. It's been confusing, and now we have these changes that add a little layer of confusing element right on top of that."

Laura Zellers is a Certified Public Accountant, and a lecturer in the Wichita State University School of Accountancy.

She's been reading up on the proposed tax plan working it's way through the senate. Though there are a lot of different factors to consider, there are three big ones she thinks people should know.

The first is the change in tax brackets.

"Being cut from seven brackets to four - so that's straight out of the gate," she says.

In addition to that, the new plan includes an increase in standard deductions and the elimination of personal exemptions.

"My husband and I and my two children, I have four exemptions - under the new plan I don't. But, that standard deduction amount's being increased and that's somewhat of an offset."

To illustrate, she showed what could happen to a typical Wichita family - one with four people, making $50,000 a year.

"Looking at probably a $650 refund - therabouts," says Zellers.

That's under the current tax structure, and assuming a $3,000 withholding. But under the new plan, with the same conditions, that refund amount changes.

"A family of four in Wichita, actually making $50,000 a year gross, actually comes out ahead."

But not everyone thinks the tax plan will be a benefit.

"A couple hundred dollars isn't gonna help a family a year."

Thom Scott is part of a local group who says the proposed tax changes will be a repeat of the Brownback tax cuts made in Kansas.

"The poorer people are going to get a lot of the brunt, while the richer people are just going to grow," says Scott.

But Zellers says right now, it's hard to know exactly what the long-term effects of the proposed plan could be.