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The life cycle of a tax loophole

The Planet Money team traces the life of a tax loophole from creation, discovery, exploitation -- all the way to watching it get closed shut.

Copyright 2026 NPR

Nick Fountain produces and reports for Planet Money. Since he joined the team in 2015, he's reported stories on pears, black pepper, ice cream, chicken, and hot dogs (twice). Come to think of it, he reports on food a whole lot. But he's also driven the world's longest yard sale, uncovered the secretive group that controls international mail, and told the story of a crazy patent scheme that involved an acting Attorney General.