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 href="https://www.bloomberg.com/features/2026-aqr-tax-loss-harvesting-billionaires/"target="_blank" >A Tax Strategy for the Rich Built the World’s Largest Hedge Fund</a> - Bloomberg Fact checking by <a href="https://www.npr.org/people/1268825622/sierra-juarez"target="_blank" >Sierra Juarez</a>. Your Next Listen — <a href="https://lnk.to/IrakcyWE"target="_blank" >What’s a revenge tax?</a> Connect with The Indicator — Sign up for <a href="https://npr.org/indicatornewsletter"target="_blank" >The Indicator’s weekly newsletter</a>! — Buy the <a href="https://lnk.to/i3AukBdDWE"target="_blank" >Planet Money book</a> — Find our <a href="https://linktr.ee/indicator_npr"target="_blank" >socials, YouTube and more</a>! — For sponsor-free episodes, <a href="https://plus.npr.org/"target="_blank" >subscribe to NPR+</a>  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 <a href="http://plus.npr.org"target="_blank" >plus.npr.org</a>. See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences. <a href="https://www.npr.org/about-npr/179878450/privacy-policy">NPR Privacy Policy</a>

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