Tax avoidance as defined in the OP is a moral obligation. The so called loopholes are designed by the legislature to bestow upon lobbying donors a break in exchange for campaign contributions. It's actually the true power wielded in Washington; the sole function of which is reelection.
This is why I cringe every time I hear a politician bemoaning that our corporate tax rate is the second highest in the world. True on the surface, but ultimately meaningless because the effective tax rate is below 15% or so, if memory serves.
I believe in a progressive tax scheme, but the tax code needs a drastic overhaul with simplification in mind. It will never happen because politicians of both parties will never relinquish the power referenced above.
It's a very rare individual that knowingly and willingly pays more tax than required by law, loophole or any other means. This is why I think it's outrageous and disingenuous to chastise anyone (or business concern) that pays the least amount of tax allowable by law. It's not the taxpayers that suck, it's the tax law.
This is why I cringe every time I hear a politician bemoaning that our corporate tax rate is the second highest in the world. True on the surface, but ultimately meaningless because the effective tax rate is below 15% or so, if memory serves.
I believe in a progressive tax scheme, but the tax code needs a drastic overhaul with simplification in mind. It will never happen because politicians of both parties will never relinquish the power referenced above.
It's a very rare individual that knowingly and willingly pays more tax than required by law, loophole or any other means. This is why I think it's outrageous and disingenuous to chastise anyone (or business concern) that pays the least amount of tax allowable by law. It's not the taxpayers that suck, it's the tax law.
