Multimillionaires Might Face Higher Taxes Under Trump. Here Are the Money Moves They Could Make Now to Trim Their Tax Bill.

By Andrew Keshner and Venessa Wong May 10, 2025 MarketWatch

As President Trump considers tax hikes for individuals earning over $2.5 million and families earning over $5 million, the chances of higher rates for multimillionaires are becoming more real, though still uncertain. CFP Board Ambassador Spencer Betts, CFP® suggests that ultrawealthy individuals consider deferred compensation plans for 2026, allowing them to postpone income until retirement, when their tax rate may be lower.