TOM!!
LOOPHOLES comply with the law!
The very term loophole implies that law abiding citizens are outside the law.
Obama is using this term loophole to try to raise capital gains taxes.
Paying 15% on money already taxed at 28% and then put at risk in the market is hardly a “loophole” or a “crime”.
It is compliance within the law, and I would argue that there should be NO tax on money once taxed.