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Regulation

The Inside Edge

How the Rich and Well-Connected Exploit Investment Advantages

Top executives and investors who are privy to key information enjoy uncanny results, according to trading and tax records in leaked IRS data.

Impact of Our Reporting
Caret

The Inside Edge

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 Ballmer see huge tax savings by selling stocks for a loss and then replacing them with nearly identical investments.