How the rich make money by losing money
The Indicator from Planet Money

How the rich make money by losing money

B2Upper-intermediateSeptember 28, 20269 min

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...

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Sentence 6 of 12 · 0:24

But right now, some millionaires and billionaires are plowing their money through a tax loophole

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0:00

NPR. Decades ago, the richest Americans paid taxes as high as 40% on their investments. That means if they sold a bunch of stock or their company got acquired, a good chunk of that payday would go to the government.

0:18

But right now, some millionaires and billionaires are plowing their money through a tax loophole so big it could allow them to slash their taxes to zero. This is the indicator from Planet Money. I'm Waylon Wong.

0:33

And I'm Adrian Ma. Today on the show, we'll be joined by Bloomberg reporter, Lukia Giftopoulou. She covers investing and the wealth management industry.

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