A person misplaced, disorganized, miscalculated, overlooked everything and opened every loophole, and just when he thought he had it made, the government gave him a lake or a forest or an oilfield and spoiled everything.
There are no more uses of "loophole" in the book.
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Reagan was a president who cut income taxes dramatically but also closed corporate loopholes...
Ross Douthat & Reihan Salam -- Grand New Party
It’s not commonly known—Father says it’s some odd loophole in Empire law.