The financial revolutionists in blue state legislatures.

BN-VR653_REARDO_GR_20171019130234.jpg

Although he said he was open to a deal, President Trump’s after-the-fact expression of bipartisanship on the new tax law never came to pass. The result is that high-tax blue state legislatures are cooking up innovative ways to reconfigure their tax laws to keep residents from feeling the bite (see below). Digitally oriented financial advisors should also be putting their thinking caps on to devise new tax strategies beyond tax loss harvesting. Because now, tax optimization is going to be a really big deal and some customers will likely want tech-assisted solutions to navigating their options.