4 ms·
> Finding a loophole in the tax code is no different to finding a flaw in some computer code that gives you some access you were never intended to have. But th
by 0xfeba 9y ago
> Finding a loophole in the tax code is no different to finding a flaw in some computer code that gives you some access you were never intended to have.
But the former is not illegal while the latter most definitely is (unless it's your own software, etc.).
Loophole has negative connotations. But it really depends on many factors.
A prosperity gospel preacher buying a second LearJet tax free is not the same as a company hiring contractors to stay under 500 employees in order to retain some small-business benefit.
- jellicle 9y agoThe main connotation of "loophole" is that the result is accidental rather than intended, which is fictitious propaganda. "It's just crazy, but somehow, accidentally, we passed this big tax law and hedge fund managers don't have to pay taxes! Oh well! I guess we can't ever fix it, either! Crazy accident!"
- anonacct37 9y agoGood point. People voluntarily parted with money to pay for the first. The second company, well if you take a minute to read this article it explains the price society pays for the second policy: https://www.nytimes.com/2017/09/03/upshot/to-understand-rising-inequality-consider-the-janitors-at-two-top-companies-then-and-now.html https://www.nytimes.com/2017/09/03/upshot/to-understand-risi... I'm not really defending the first example, but america has a bit too much "privatize profits, externalize losses" for my taste. These policies do have impacts on the life of the median american.