This kinda reminds me of a scam that was going on here. There were a few multi-million dollar homes that were vacant and these people went and filed Quit Claim deeds transferring ownership to themselves and they would move in. It happened, for real! I'll see if I can find a link. Anyway the news crews would pull up to the houses and the people would not open their doors but a crack saying "It's mine" 
YUP Gina, no telling what someone can do as long as they follow the law and find the loopholes. Just look at what some people get away with by playing the game with the others rules.
A smart tax Attorney can find deductions for someone making $120,000 a year to pay the same in taxes as someone making $ 35,000 a year.
I worked as private duty Nurse for the wife of a business owner, their home, 55 foot Cruiser, cars were all OWNED on paper by the business. All the wife's clothing and jewelry were tax deductible as a business expense. Even the husbands skivies were tax deductable, their trips as long as a client came along put down to business expense.
I was even tax deductable, their maid was deducted even as she worked for cash. She received $25.00 a day but somehow in the records she was deducted at $100.00 a day as maintenance of a cooperate owned building, her home.
As long as one plays by the rules others set up, keep to the strict and honest, one can make a fortune. Those that lie or cheat in the game get caught and WOE be to them, these are the ones that had they played the loop holes would make big bucks. The shysters, got 3-5 years for cheating on the rules.
Hard to fault anyone that plays by the government rules, finds a loop hole and dives in. All legal and above board.
You and I, do we not take advantage of tax right off on our mortgage, all city and State taxes??? We deduct the cost to register our autos even down to town taxes to get our dog license.
Say, I wonder if our 401k losses can be deducted as a loss of income-----have to look into that. If loss due to gambling can be deducted, save all loosing scratch tickets for example, then why not losses in the 401K.