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The tax law is written to incentivize desired behavior. We all benefit when you save for retirement so that you aren't a burden to society later. But loopholes
by throwaway07Ju19 7y ago
The tax law is written to incentivize desired behavior. We all benefit when you save for retirement so that you aren't a burden to society later.
But loopholes are different. If you discovered a loophole that made it so your landlord can not enforce rent collection, would you stop paying rent ? That's basically what these companies are doing.
- jnwatson 7y agoOne's person loophole is another person's well-lobbied IRS rule. Many, many people would believe it is just fine if they found a loophole that set their personal taxes to 0%. Even more would be fine with a loophole that reduced their taxes by 50%. Nearly everyone would be fine with loophole that reduced it by 5%. There's only one way to handle this large moral gray area: pass laws and IRS rules to close the loopholes that experts deem excessive.
- matz1 7y ago> If you discovered a loophole that made it so your landlord can not enforce rent collection, would you stop paying rent I certainly would. Thats why you have to be clear with the law and enforcement.