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Thread: we've all been hearing about these tax loopholes for the wealthy.Can anyone name any?

  1. #21
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    There are a lot of things people consider loop-hole devices, but if you think about them they don't seem that way to me, it seems like a way of getting rich people a way to commit their money in new things for economic expansion.
    Gas and oil write offs, very good deal if you hit a good well you get to keep a lot of your money, but it also funded the activity that society uses.
    Another is accelerated depreciation for equipment - It makes people buy things and expand their business.
    To me the list goes on and on and society benefits, but of coarse most liberals will never see the economics and just want the tax money.
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    Quote Originally Posted by Adam Larsen View Post
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    Quote Originally Posted by NaturalBorn View Post
    Nah, probably something like a gun-show loophole. Anyone in the U.S. can easily squirrel away 10-15% of their net income. They may have to give up tobacco, or booze, or cable, or unlimited data plan, or flat screen TV, or a tattoo, of hair extensions, or French fingernails, or fast food, or ___(fill in the blank)___
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