Top Ten Tax Loopholes

[pspr]

Or, we could go back to the original meaning of the word "loophole".

Most dictionaries make mention of the slit-like openings in castle walls that were used by archers (later, musketeers) to defend the castle. Our derivation of "loophole" as a way past a law is derived from this. The only openings in a seemingly impenetrable wall were these slits, which a child or small adult child could squeeze through. Thus, a loophole is a small opening, or "out," in a seemingly airtight law, which only the clever few can use.

http://www.straightdope.com/columns/read/2071/whats-the-origin-of-loophole

 

[seneca_roman]

Quote from pspr:

Or, we could go back to the original meaning of the word "loophole".

Most dictionaries make mention of the slit-like openings in castle walls that were used by archers (later, musketeers) to defend the castle. Our derivation of "loophole" as a way past a law is derived from this. The only openings in a seemingly impenetrable wall were these slits, which a child or small adult child could squeeze through. Thus, a loophole is a small opening, or "out," in a seemingly airtight law, which only the clever few can use.

http://www.straightdope.com/columns/read/2071/whats-the-origin-of-loophole

Another on point definition of loophole:

"A provision in the laws governing taxation that allows people to reduce their taxes. "

Incoming search terms:

http://dictionary.reference.com/browse/tax+loophole

How do you know you've met a good tax accountant?
He has a loophole named after him.

How many Bush supporters does it take to change a light bulb? Six, one to turn the bulb and five to create a related tax loophole for the rich.


S

 

[Lucrum]

Is being a sitting Secretary of the treasury or congressman considered a "tax loophole"?

 

[bigarrow]

Quote from Lucrum:

RACIST!

prejudice yes, racist no

 

[pspr]

Quote from Lucrum:

Is being a sitting Secretary of the treasury or congressman considered a "tax loophole"?

Aren't you familiar with the Geitner Loophole, or the Daschle Loophole and the Rangle Loophole? :eek:

 

[seneca_roman]

Quote from pspr:

Aren't you familiar with the Geitner Loophole, or the Daschle Loophole and the Rangle Loophole? :eek:

Don't know about them loopholes but those are some loopy dudes

 

[Due Buy]

Quote from pspr:

Aren't you familiar with the Geitner Loophole, or the Daschle Loophole and the Rangle Loophole? :eek:

Damn those high status government officials with personal loopholes.

 

[pspr]

Quote from Due Buy:

Damn those high status government officials with personal loopholes.

Plus, they are exempt from insider trading rules. No wonder so many of them are multi-millionaires.

 

[ProfitMagnet]

Quote from pspr:

Plus, they are exempt from insider trading rules. No wonder so many of them are multi-millionaires.

This is the competition gentlemen.