I wouldn't call an intentional deduction a loophole. Taking advantage of some complex part of the tax code that might not have been put in intentionally would be a loophole.
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a means of escape or evasion; a means or opportunity of evading a rule, law, etc.
dictionary.reference.com
A way of avoiding or escaping a cost or legal burden that would otherwise apply by means of an omission or ambiguity in the wording of a contract or law.
thefreedictionary.com
A forgotten condition in a law, agreement, etc. that allows one to interpret and, in conclusion, get around another condition(s).
urbandictionary.com
A technicality that allows a person or business to avoid the scope of a law or restriction without directly violating the law. Used often in discussions of taxes and their avoidance, loopholes provide ways for individuals and companies to remove income or assets from taxable situations into ones with lower taxes or none at all.
investopedia.com
A loophole is 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. Loopholes are searched for and used strategically in a variety of circumstances, including taxes, elections, politics, the criminal justice system, or in breaches of security, or a response to one's civil liberties.
Loopholes are distinct from lacunae, although the two terms are often used interchangeably. In a loophole, a law addressing a certain issue exists, but the law can be legally circumvented due to a technical defect in the said law. A lacuna, on the other hand, is a situation whereby no law exists in the first place to address that particular issue.
https://en.wikipedia.org/wiki/Loophole |
