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American investors' trick to lower taxes: lose money

Banking And Finance,Investing,Taxes,Spending

From the Left
Analysis

Few things irk the rich—and, for that matter, the not so rich—more than paying taxes. Many people would rather lose money backing a lame horse than hand it to the government. The pain of such payments once moved Americans to revolution. It still moves New Yorkers to head for Florida, or middle-ranking bankers to decamp to Milan...

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