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The challenge is "loophole" is in the eye of the beholder. Is the backdoor Roth IRA contribution a loophole? The mortgage deduction? Tax-loss harvesting that
by wdr1 10y ago
The challenge is "loophole" is in the eye of the beholder.
Is the backdoor Roth IRA contribution a loophole? The mortgage deduction? Tax-loss harvesting that carries for 20+ years?
- protomyth 10y agoActually, yes, they are all loopholes. They just are for general consumption and trying to encourage behavior.
- vonmoltke 10y agoYou are abusing the meaning of the term "loophole" then. Something explicitly and purposefully added is not a loophole. A loophole is an error or missed corner case that allows someone to legally bypass some portion of the law.