NPR.
Decades ago, the richest Americans paid taxes as high as 40 percent 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.
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.
And I'm Adrian Ma.
Today on the show, we'll be joined by Bloomberg reporter Lukia Giftapulu.
She covers investing and the wealth management industry.
And recently, she and her colleagues did a series of stories
on what they call this generation's great American tax dodge.
After the break, she explains how it works and tells us about the man behind it,
a hot-tempered, computer-screen-punching financial whiz who runs the world's biggest hedge fund.
Right here in the U.S.
This message comes from Capella University.
You know that feeling when there's a spark building inside you, that you were meant for more?
That's your own drive pushing you towards what's next.
Capella University gets that.