The Indicator from Planet Money · Monday, September 28, 2026
Sophisticated tax strategies employed by firms like AQR Capital Management may allow wealthy individuals to pass on their assets to heirs without ever triggering a tax liability. This raises questions about fairness, particularly when contrasted with the tax obligations of average citizens.
“And with some creative accounting, Lucretia says investors who use the strategy might even be able to pass on their assets to their heirs without ever incurring a tax bill.”
“If you're a school teacher, you know, who doesn't have $1 million to invest in a tax-loss strategy, and you pay your full amount in tax, and somebody with a lot more money can avoid it exactly because they have more money.”