The Loophole Ledger

“Loophole” is the wrong word for nearly everything sold under it, and the distinction is the entire risk model. Almost every business tax break in circulation is a provision Congress wrote on purpose, with conditions attached: the savings are real when the conditions are met, and the risk lives in skipping the conditions, not in using the provision. What follows is the inventory of business-tax levers in this book, collected in one place and sorted by the discipline each demands — what it does, what actually goes wrong, and what prevents it. The canonical treatment stays in the section cited; this is the map.