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Old 05-21-2008, 07:18 AM   #23 (permalink)
loquitur
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Location: NYC
Rekna, what you just described is tax fraud. That's an enforcement issue, not a loophole issue.

There are very legitimate business expenses that are not loopholes - and if you eliminated them, the people who would suffer are the ones who work in restaurants and hotels. I do a lot of business over lunch, and I travel a bit for business. Yes, I treat those as business expenses; it does lead to business and more economic activity. I understand there are some people who begrudge others the "glamour" of living out of a suitcase alone in a strange city, but it's hardly a loophole (especially if the strange city is, say, Youngstown, OH or Flint, MI or Bristol, TN).
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