Quote Originally Posted by LDAHL View Post
Especially if you retain the right to define "loopholes" as any aspect of the tax code you choose to find fault with. Sometimes I think Steve Forbes had the right idea back in the day. Use the income tax to raise revenue, and leave the industrial policy, income redistribution and social engineering stuff to other tools.
I retain the right to define a loophole as as a tax law that is so poorly written that one could avoid taxes that really should be paid. That leaves room for discussion, but isn't totally malleable.