
Episode
The Indicator from Planet Money
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 W…