Financial loopholes are essentially ways of reducing taxes, especially by reducing someone’s income. We might associate loopholes with millionaires hiding their wealth, but many benefit the middle-class. I might not check off mining expenses or business equipment depreciation, but Schedule A has mortgage interest and charitable contribution lines to whittle away at my income for taxing. Or, I might take advantage of pre-tax payroll reduction through 401k contributions and employer subsidized health care insurance payments. One way to increase government revenue is to reduce or eliminate deductions or loopholes. If you utilize these on your federal or state income tax forms, which are you willing to give up?