Progressive news organization ProPublica has made a great deal of hay recently by pretending that public, widely-known, and intentional elements of the tax code are secret loopholes for the rich. The game plan is always the same: take a tax deduction, find an application of the deduction used by a wealthy taxpayer, then heavily imply that it was inserted purely for the benefit of these rich individuals’ checkbooks. Now it’s gone back to the well with yet another “exposé,” this time claiming that amortization of business expenses is somehow a nefarious handout to the well-to-do.
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