TAX “LOOPHOLES” ARE NO ACCIDENT.  THEY ARE PURPOSEFULLY IN THE TAX CODE TO INCENTIVIZE AND REWARD CERTAIN ACTIONS AND BEHAVIORS (which are believed to benefit our society and country).

Incentives for: marriage, having and raising children, starting and maintaining a business, farming and other agricultural activities, drilling for petroleum and for mining, investing for the long-term, investing for retirement, taking out a loan in order to purchase a primary residence (BUT NOT FOR PAYING FOR A HOME WITH CASH), being more energy efficient, running non-for-profits which help people (hospitals, churches, non-governmental agencies which help the impoverished, etc)

Many of us will disagree regarding what needs to be incentivized (if anything), let alone how much and for how long to incentivize.

In the rare case where someone does find a previously unknown loophole, or abuses a known loophole, the government can put a stop to these activities with a variety of techniques (but they often, willingly, choose not to do so).

Charles Tadros, M.D.

July 19, 2021

Saint Louis, Missouri

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