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Fire at will:

The strategy is all the more powerful if tax rates drop. Why finalize the sale of a business in 2016 when there’s a chance you’ll be able to keep more of the proceeds for yourself down the line?

“This is an exercise we normally go through,” said Michael Kassab, chief investment officer at Calamos Wealth Management. “It takes on greater urgency this year.”

That’s especially true if any tax bill passed next year applies to 2017 rather than taking effect in 2018. There are precedents for this: A tax cut in 2001 and a tax increase in 1993 both took effect in the same year they were passed.

Source: What the Rich Are Doing Now to Reap Trump’s Tax Bonanza

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