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I mostly agree, but there is a justice issue when the tax code has loopholes that are only accessible to people with clever tax attorneys. To contrast, if I go
by humanrebar 11y ago
I mostly agree, but there is a justice issue when the tax code has loopholes that are only accessible to people with clever tax attorneys.
To contrast, if I got an extra $5K in my bonus, I couldn't give it to my friend to help pay for the adoption expenses she has be racking up. If it were a donation of $50 million, I could form a targeted charity and write the whole thing off on my taxes.
What to do about it? Probably simplify the tax code. Complicated laws, especially tax laws, are just not fair.