Well, yeah, ol'ster... The loopholes for the wealthy go on and on and on...
Here's one that most folks don't know... Do you know that if I am a COE of some bigass corporation and I want to move my operation to Pakistan or China that those countries will subsidize me... Yeah, they'll put in roads to my plant... They'll help build my factory or textile mill... I mean, ain't that some form of socialism??? Well, yeah, it is but other countries are willing to do that and guess what... Those fatcorries and those roads and whatever elese they build me to move my operation are assest of my corpoartion which are *not* taxable!!! That is real...
BTW, people joke about offshore acoount, like the Camen Isalnds, but it ain't no joke... American hide hundreds of billions of dollars in these things and therefore, those dollars are not, ahhh, taxable...
But nevermind that crap...
This thread is about voodoo economics... Loophole economics is another discussion...