For Greg: Exemptions Are Not Loopholes
 

Exempt: free from an obligation or liability imposed on others;
free from, not liable to, not subject to, exempted from, excepted from,
excused of/from, absolved of

Loophole: an ambiguity or inadequacy in a system, such as a law or
security, which can be used to circumvent or otherwise avoid the intent,
implied or explicitly stated, of the system.

Got it, or do you still want to beat your dead loophole horsie?



Do these definitions apply when a fatcat uses his exemptions to
avoid paying taxes?
Mikek


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