How the Wealthy Save Billions in Taxes by Skirting a Century-Old Law
Congress outlawed tax deductions on “wash sales” in 1921, but Goldman Sachs and others have helped billionaires like Steve Ballm
Law
• Views: 863
propublica.org At first glance, July 24, 2015, seems to have been a brutal trading day for Steve Ballmer, the former Microsoft CEO. He dumped hundreds of stocks, losing at least $28 million. But this was no panicked sell-off. Among the stocks Ballmer sold were those of the Australian mining company …
