For many of the wealthy, 2012 is becoming a good year to sell.
Fearing an increase in capital gains and dividend taxes, many of the
rich are unloading stocks, businesses and homes before the end of the
Wealth advisers say that with capital-gains taxes potentially going
to 25 percent from 15 percent, and other possible increases in the
dividend tax, estate tax and other taxes, many clients are selling now
to save millions in taxes.
"Under almost any scenario, it makes sense to take the gains this
year," said Gregory Curtis, chairman and managing director of Greycourt
& Co. "Clients aren't selling willy nilly. But if they can and they
have a huge gain, they're selling now."