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 failing the statutory conditions, not in using the provision itself. 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.