&quot;The problem is that no tax code can close all loop holes because you just can&#x27;t foresee the creative ways people will out maneuver the tax code.&quot;<p>What if this is the entire tax code:<p>All US citizens must pay a tax of 40% of all the money they receive from any other entity for any reason.<p>I haven&#x27;t thought through the wording completely, but if we replace the convoluted tax code with a MUCH much simpler one, lots of these problems would go away.