    Kevin W. Burkett/Creative Commons Wikimedia Commons
8. The Sheryl Crow loophole.      7. Getting rich, Facebook
style.          6. My other home's a yacht.   « Previous Page
Next Page » My Voice Nation Help  Umm, Octopus is owned by Paul
Allen, not Steve Ballmer   "Loophole" is a misnomer, and should
not be used, as it creates the impression that the resultant
deduction was not intended.  So the press does the public a
disservice when it uses a word that allows people to infer that
some tax advisers have arcane, specialized esoteric knowledge,
that allows their ultra rich client to get around the substance
and intent of the IRS Tax Code definition of income.   Socially
engineered tax deductions (social engineering) are deductions to
elicit certain types of behavior - to encourage investment in
specific areas like multifamily housing in the 80s which caused
havoc to real estate; and other tax incentives for former
colleagues and friends who give to political campaigns, have
riddled our tax laws wi