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.

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