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by EdwardDiego 1218 days ago
> Hand wringing over tax loss harvesting seems silly to me.

It seems very pertinent to me. Taxes pay for the common good.

If people are using loopholes or workarounds to not pay tax, then the common good suffers.

And we all benefit from the common good, even, maybe perhaps _especially_ the billionaires whose companies receive subsidies, or contracts from the government.

3 comments

I as a average 1-job salary earner really enjoy the tax loopholes of my IRA and 401k.
A portion of taxes goes to the common good, another portion goes to graft and politicians per projects that accomplish nothing; sometimes both at the same time. Maybe we fix that first.
Seems like being tax efficient to me.

People realize the 401k was once a “loophole”? Some CPA found the law and started to use it and everyone piled on.