It annoys the hell out of me when random people refer to basic deductions and capital gains structures as “loopholes.” Anyone else?

likehelpful
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**Triggered Voice**

But they aren’t paying their fair share! 😭

likefunny

Yeah I’ve given up on the general public understanding what those or NOLs are.

like

Yeah there’s nothing loopholey about something that is clearly spelled out in the tax code

like

Counter that by calling taxation theft. Or if you want to get a confused look, call it ‘wrongful conversion’

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