Again, loopholes and their use are not unethical or "incorrect."

I do agree, though that loopholes expose a potential flaw in how laws with so-called loopholes are drawn up.  The issue is with the law itself.  Though, again... jealous and/or envious people falsely assume opposite, that it is a people and not a law issue.  Again, nothing unethical or unlawful at all.

One such loophole that quickly comes to mind is that of IRA conversion.  The loophole should be fixed so that those saving for retirement should not have to convert IRAs to Roth.  They should be allowed to do it without having to convert.  https://www.investors.com/etfs-and-funds...-loophole/

If you set up a corporation that doesn't buy or sell any goods or services, and only ever buys and sells shares from you, to help disguise your income as capital gains, that may be legal but it's highly unethical. States give charter to corporations so they can be a tool to ease commerce, not reduce individual taxes.
If you claim to run a charity that doesn't do any actually charity work, or mainly engages in politics, that is also unethical.

In your mind maybe, in the real world not so much.

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

If you set up a corporation that doesn't buy or sell any goods or services, and only ever buys and sells shares from you, to help disguise your income as capital gains, that may be legal but it's highly unethical. States give charter to corporations so they can be a tool to ease commerce, not reduce individual taxes.
If you claim to run a charity that doesn't do any actually charity work, or mainly engages in politics, that is also unethical.

In your mind maybe, in the real world not so much.

The world you live in is an awful place, if you think that is in any way, ethical.

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In your mind maybe, in the real world not so much.

The world you live in is an awful place, if you think that is in any way, ethical.

It's legal. Period. I live in reality, not the fantasyland you seem to inhabit. It's why you're struck with TDS, because you want something that will never be. Companies and individuals have one purpose, to succeed, anything less is waste and failure, and if it's legal then it's fair game. Change the rules if you can, but for now they are the rules by which we win or lose.

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

You say that like they aren't. You really think the IRS isnt all over those people all the time? It's why they hire accounting firms to represent them, they arent sending in an EZ like you.

Everybody knows that taxes are done by taking a picture of your W-2 and uploading it to TurboTax.

Unless you have to itemize

Speaking of, I should probably get my taxes done really soon. The math is done, the submission is not.

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The world you live in is an awful place, if you think that is in any way, ethical.

It's legal. Period. I live in reality, not the fantasyland you seem to inhabit. It's why you're struck with TDS, because you want something that will never be. Companies and individuals have one purpose, to succeed, anything less is waste and failure, and if it's legal then it's fair game. Change the rules if you can, but for now they are the rules by which we win or lose.

Legal does not mean ethical. They are two entirely different things.

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It's legal. Period. I live in reality, not the fantasyland you seem to inhabit. It's why you're struck with TDS, because you want something that will never be. Companies and individuals have one purpose, to succeed, anything less is waste and failure, and if it's legal then it's fair game. Change the rules if you can, but for now they are the rules by which we win or lose.

Legal does not mean ethical. They are two entirely different things.

Ethics is a tricky subject. It is easy to take either an objective or subjective approach based on the argument one is trying to make.

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Beta busting.

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Wow, that is pathetic.

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yeah I don't think using financial loopholes is unethical. It only annoys me when people like Bono claim to be holier than thou and demand people help out society while also not paying much tax at all

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It's legal. Period. I live in reality, not the fantasyland you seem to inhabit. It's why you're struck with TDS, because you want something that will never be. Companies and individuals have one purpose, to succeed, anything less is waste and failure, and if it's legal then it's fair game. Change the rules if you can, but for now they are the rules by which we win or lose.

Legal does not mean ethical. They are two entirely different things.

Smells like opinion.

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

Legal does not mean ethical. They are two entirely different things.

Smells like opinion.

No, that's not an opinion. That's a fact. At one time, slavery was legal, so was spousal abuse, animal cruelty and at one time, in the state of Delaware, the age of consent was 7 years old. Much of the rest of the country was set between 10-12 years old. Just because that stuff was legal, does not mean those laws were ethical or are you saying they were?

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It's legal. Period. I live in reality, not the fantasyland you seem to inhabit. It's why you're struck with TDS, because you want something that will never be. Companies and individuals have one purpose, to succeed, anything less is waste and failure, and if it's legal then it's fair game. Change the rules if you can, but for now they are the rules by which we win or lose.

Legal does not mean ethical. They are two entirely different things.

If adhering strictly to a code of ethics was a qualifier for office, we'd have no government.

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Legal does not mean ethical. They are two entirely different things.

If adhering strictly to a code of ethics was a qualifier for office, we'd have no government.

Sad, but true.

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Smells like opinion.

No, that's not an opinion. That's a fact. At one time, slavery was legal, so was spousal abuse, animal cruelty and at one time, in the state of Delaware, the age of consent was 7 years old. Much of the rest of the country was set between 10-12 years old. Just because that stuff was legal, does not mean those laws were ethical or are you saying they were?

Yes, ethics and law are both malleable.

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

Earnings are just that. They belong solely to the earner.

To believe those earnings belong to someone else (especially a government) is more unethical than any so-called loophole that exists today.

Taxation isn't a right of governments, it's a privilege.

Agents of government would like you to believe otherwise.

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"You do your own thing in your own time. You should be proud."

Earnings are just that.  They belong solely to the earner.

To believe those earnings belong to someone else (especially a government) is more unethical than any so-called loophole that exists today.

Taxation isn't a right of governments, it's a privilege.

Agents of government would like you to believe otherwise.

That is a good point. We have been taxed so much for so long that some actually feel guilty about not being taxed enough.

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Earnings are just that.  They belong solely to the earner.

To believe those earnings belong to someone else (especially a government) is more unethical than any so-called loophole that exists today.

Taxation isn't a right of governments, it's a privilege.

Agents of government would like you to believe otherwise.

Earnings, sure.
But not all income is earned.

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My fellow southpaw Mark Brunell will probably always be my favorite Jaguar.

Earnings are just that.  They belong solely to the earner.

To believe those earnings belong to someone else (especially a government) is more unethical than any so-called loophole that exists today.

Taxation isn't a right of governments, it's a privilege.

Agents of government would like you to believe otherwise.

That is a good point. We have been taxed so much for so long that some actually feel guilty about not being taxed enough.

This is there part where I do my obligatory stand on a table and shout at the wall about why we should be on a strictly consumption-based tax system.

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Earnings are just that.  They belong solely to the earner.

To believe those earnings belong to someone else (especially a government) is more unethical than any so-called loophole that exists today.

Taxation isn't a right of governments, it's a privilege.

Agents of government would like you to believe otherwise.

Earnings, sure.
But not all income is earned.

100% false.

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"You do your own thing in your own time. You should be proud."

Earnings, sure.
But not all income is earned.

100% false.

Lottery winnings?
Inheritance?
Interest?
Rent?
Dividends?
Gambling winnings?
Unemployment benefits?
Child support?
Awards in civil court?

Really?!

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My fellow southpaw Mark Brunell will probably always be my favorite Jaguar.