Anyone trying to move your 2017 expense into 2016 in case you will get lower tax bracket in 2017 such as pre-paying your property tax or doing renovation/repair?
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So there may be extra incentive for people to dump their loser stocks this year end? Will we have a bigger than usual downward movement next week?
Is there any major tax law changes this year?
Based on speculation of Trump’s tax plan, it could be that you might be paying less income tax next year, so trying to move up the expenses this year to reduce your income this year.
Sell loser stocks, hold on to winner stocks.
Bring forward expenses, delay incomes.