We just got done with our taxes and damned if we could find any friggin’ “loop holes”. The only hole we’re gonna see is the HUGE one in our wallet. YIKES! That’ll teach me to retire.
They are calling all Itemized Deductions as “loopholes”. In other words, they want to not only tax your income, your materials, but all transactions required for any business to produce and operate. On top of that, they still want to doubly tax with sales taxes and then tariffs and permit fees.