Is someone committing a crime by aggressively reducing their taxes if they don't get audited? Not paying taxes isn't a crime, but the IRS has been decreasing audits of the rich.
Is someone committing a crime by aggressively reducing their taxes if they don't get audited? Not paying taxes isn't a crime, but the IRS has been decreasing audits of the rich.
Not paying taxes certainly can be a crime.
The point of the person above is valid - it's bs to call something 'tax abuse'. It's either illegal or not. It might be a grey area which hasn't been tested yet and there is a process to decide the outcome. It is eventually deemed illegal or not.
I'm comfortable saying a tax loophole should be banned without saying it's users are criminals or either unethical. Asking if someone should be able to deduct their private jet is a political question to me, not a legal one.
But there are other instance where people are taking advantage of lack of enforcement. For instance conservation easements. There's an example of a mining developer who gave 6000 acres to a charitable trust in CA. An issue is the mining company didn't own the subsurface gas and mineral rights to the land. They weren't explicitly clear about that when donating, so the donation was probably overvalued.
https://www.kassounilaw.com/publications/the-uses-and-abuses...
It looks like court precedence is really important in some areas of tax law in determining what's ok. It's a problem if someone can take a really novel and beneficial reading of a policy and assume they won't have to defend it.
Court precedence in common law countries like the US is equivalent to law.
This piece reads like a retail store owner complaining about people buying their products on sale and stacking coupons, that are explicitly permitted in the terms of the sale, on the sale items.
Are you aware of what percentage of aggregate tax revenue the "rich" are responsible for in the US (or heck your home country if elsewhere)? How about the bottom 80%?