What is a Loophole?

2 years ago
3

https://mrdevinney.com/what-is-a-loophole/

A “loophole” is wrongly used as a synonym for some kind of privilege. People often refer to it as having an immoral character. It’s neither of those. It’s simply means they’re following the tax law. Many will call certain tax write-offs “loopholes” simply because they don’t like them. Anytime someone says this, what they’re really saying is they think someone else should pay more in taxes than they do.

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