Quote:
Originally Posted by eweissenbach
Are there people on food stamps and other forms of welfare who job the system? Absolutely! Are there millionaires and billionaires who benefit from tax loopholes, offshore accounts, subsidies, and other government gifts? Absolutely! It seems to be the nature of many people to take whatever they can get, no matter what their economic status. By the way, which of the two categories I mention cost the American system the most?
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What is a TAX LOOPHOLE? Either it is part of the tax law or it s not. Perhas it is a loophole only because you and I do not qualify to deduct it and someone else can? In that case perhaps my mortgage interest deduction can be considered a LOOPHOLE by someone who does not own a home.