Tag: tax loopholes
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Backdoor Roths exist because the rich have better accountants than you
The backdoor Roth IRA is a workaround built into a workaround, and it persists because closing it would inconvenience the wealthy enough to lobby against it.
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Not all loopholes are unfair
The word loophole gets used as an automatic accusation. Some are real abuses, but many are deliberate policy choices working as designed. Telling them apart matters.