How the rich make money by losing money

Decades ago, rich Americans used to pay taxes as high as 40% on their investments. Nowadays, an obscure investment strategy is helping them slash that figure toward … 0%. Today on the show, Bloomberg reporter Loukia Gyftopoulou, tells us about this generation’s “great American tax dodge,” and the “mad genius” behind it. A Tax Strategy for the Rich Built the World’s Largest Hedge Fund - Bloomberg Fact checking by Sierra Juarez . Your Next Listen — What’s a revenge tax? Connect with The Indicator — Sign up for The Indicator’s weekly newsletter ! — Buy the Planet Money book — Find our socials, YouTube and more ! — For sponsor-free episodes, subscribe to NPR+ Support public media with NPR+ and enjoy perks for over 25 podcasts like this one. This show’s perks include sponsor-free listening. Learn more at plus.npr.org . See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences. NPR Privacy Policy