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1 posted on 02/26/2013 11:03:20 PM PST by ExxonPatrolUs
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To: ExxonPatrolUs
What this idea suggests that you ought to be paying tax on anything you own, be it a home or a pair of socks. What it suggests is that I ought to be paying rental fees for the undershorts I am wearing. If not, there is an imputed rental I am escaping by owning my skivvies, therefore I ought to be taxed on that imputed income I ought to be making to rent a pair.

That's BS. Real estate taxes are already a bummer since you really are already "renting" your home from the local government. If you do not pay those taxes, the government takes it from you and boots you out.

2 posted on 02/27/2013 1:59:39 AM PST by imardmd1 (An armed society is a polite society -- but dangerous for the fool --)
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To: ExxonPatrolUs

So in other words, because I’m living in my own house, I’m getting a tax break? Sheeeeeeeeeeit! Tax on imputed rent is basically a tax on property. Tax on real rent is an income tax. There is no actual tax break here.


5 posted on 06/22/2013 11:13:06 AM PDT by Tolerance Sucks Rocks (Drag Me From Hell!)
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