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.com/features/2026-aqr-tax-loss-harvesting-billionaires) - Bloomberg Fact checking by Sierra Juarez (npr.org/people/1268825622/sierra-juarez) . Your Next Listen  — What’s a revenge tax? (lnk.to/IrakcyWE) Connect with The Indicator  — Sign up for The Indicator’s weekly newsletter (npr.org/indicatornewsletter) !  — Buy the Planet Money book (lnk.to/i3AukBdDWE)   — Find our socials, YouTube and more (linktr.ee/indicator_npr) !  — For sponsor-free episodes, subscribe to NPR+ (plus.npr.org)   Support public media with NPR+ and en...