Jeff Ernsthausen – San Jose Inside https://www.sanjoseinside.com A look inside San Jose politics and culture Tue, 14 Feb 2023 13:07:39 +0000 en-US hourly 1 https://wordpress.org/?v=5.6.12 How Silicon Valley Moguls Save Millions in Taxes by Skirting a Century-Old Law https://www.sanjoseinside.com/news/investigative-reports/how-silicon-valley-moguls-save-millions-in-taxes-by-skirting-a-century-old-law/ https://www.sanjoseinside.com/news/investigative-reports/how-silicon-valley-moguls-save-millions-in-taxes-by-skirting-a-century-old-law/#comments Tue, 14 Feb 2023 00:34:20 +0000 https://www.sanjoseinside.com/?p=201202565 Congress outlawed tax deductions on “wash sales” in 1921, but Goldman Sachs and others have helped billionaires like Silicon Valley's Mark Zuckerberg, Brian Acton and Dustin Moskovitz see huge tax savings by selling stocks for a loss and then replacing them with nearly identical investments.

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