[imardmd1]

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.

[jstaff]

Yep. This whole concept of imputed income should be taken out and shot. It seems to me to be the result of a group of eight year olds playing grownup.

[GeronL]

bump