Raise billions from billionaires? Tax experts say it's not so simple

Name a tax and there’s a way to reduce it, delay it or not ever really pay it, if you have the right adviser.

Upset that the 2017 tax act took away your deduction for state and local taxes in New York? Change your residence to Florida, as President Trump recently did, and those taxes are gone.

Don’t want to pay capital gains tax? Well, you can decide when to sell those investments. If you need the money, you could borrow against the account and leave the capital gains taxes for another day. And if you die still holding those securities, your heirs get them with any tax on the capital gains erased.

If it’s a big income year and your tax bill is going to be huge, you can always put years’ worth of charitable giving into a donor-advised fund: The tax write-off is yours today, but you can make donations whenever you feel like it — or leave it to your children to decide.