SecondCor521
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
One big "loophole" for the uber wealthy was to have stock issued to them, put in IRA, before going public, then selling after the IPO. It's how Romney got slammed with Bain Capital.
As noted above, you can't put stock into an IRA.
Further, the tax code does not have exceptions for uber wealthy people. In fact tends to place restrictions on people with higher incomes (you can't contribute to Roth IRAs above a certain income, you can't deduct traditional IRA contributions above a certain income, you can't take many education tax credits and deductions above a certain income, etc.).
If you don't agree, I would appreciate if you could please cite one example of a tax loophole that are restricted to uber wealthy people. I'm always interested in learning.