>The problem is that no tax code can close all loop holes because you just can't foresee the creative ways people will out maneuver the tax code. You can, legi

>The problem is that no tax code can close all loop holes because you just can't foresee the creative ways people will out maneuver the tax code. You can, legislators just have a number of strong incentives to do the exact opposite. You can tell how delicate this state of affairs is for the wealthy by the fits that they pitch via the media whenever a legislator proposes closing one or more of these loopholes (e.g. carried interest). Moreover, many loopholes are often opinion based and require the tacit acceptance of the IRS to continue. Change the IRS leadership and boost its funding and the house of cards would start to collapse. The problems are that they tell us to be fatalistic about this and we believe them and corporate-friendly lobbyists have more cash than union friendly lobbyists.