>> I'm talking about having your company own a subsidiary in Ireland that owns trademarks your company licenses from them for, conveniently, 100% of your profits, which then moves their profits to the Netherlands, which then lets them move to a Dutch Caribbean island which then takes advantage of Caribbean solidarity laws to move it to the Caymans where yet another company that did no work takes the money and pays the 0% taxes there.

> Name ONE company that isn't a criminal organization that does this. Just one.

The Double Irish Dutch Sandwich? Apple, Google and Facebook all spring to mind, and I'd bet that MSFT, AMZN and others did as well. I may have missed a few details, but FB hired Google accountants to implement the same scheme for them.

> Every homeowner in the US has an appreciating asset. Their home. And massive numbers of them take out loans secured by that asset in the form of second mortgages or cash-out refinancing. And none of them pay for the value their asset gained.

Yes, they do. And I think they should have to realize the capital gains on their house when they use the higher asset value as collateral on a loan. Not that it would matter because, as a matter of tax policy, US homeowners pay no[1] capital gains taxes on their primary residence.

[1] The first $500,000 of capital gains on your primary residence isn't taxed, and therefore it is trivial to pay no taxes for the vast majority of Americans.

> When they die, and their estate is handed to their heirs, the tax treatment is exactly the same for everyone... The other part you left out of your comment is that the loans still have to be paid after death, of course. So, if you leverage 100% of the appreciated value the heir is left with nothin

Normally if you spend 100% of the appreciated asset, you find yourself in the hole because you owe taxes. If you borrow 80-85% of the appreciation (and 100% of the basis) you can sell the asset, settle with the IRS and your creditors and be left with nothing. If you die, your estate will sell the asset, pay no tax (because it instantly rebases on death), and your heirs get the 15-20% that would go to the IRS.

> If you don't like it, go talk to your representatives to have them change tax laws as they pertain to real estate. Let's see how far you get.

You're the one attempting to shift from discussing asset appreciation to real estate appreciation. I doubt Bezos or Musk is refinancing their mansion as opposed to using their billions of highly liquid stock as collateral.

> an ambiguity or omission in the text through which the intent of a statute, contract, or obligation may be evaded"

Yes. I'm talking about how rich people can access their capital gains without paying capital gains tax. The "borrow money against stocks and never repay it during your lifetime" has the omission of language preventing it and is allowing an obligation (paying taxes) to be evaded.

>they did not think of adding some sort of a clause that would trigger if, say, for example, China became the second largest economy of the world.

There is a clause, it was invoked, and mail rates will be going up over the next 5 years. But that's, by your definition, not a loophole. Nor is it strictly relevent to tax loopholes if it were. Because there can in fact be two wrong things with the world, and we have the ability to fix more than one at a time.

And, even if we couldn't, I'd say that subsidizing Chinese industry is bad, but the end results of US companies shipping profits overseas is far more dangerous to the US economy.