As the desperation for money grows within the halls of our gubmint I expect all sorts of bad ideas to be floated. The so-called “imputed income tax” is being floated again. Originally, this idea was proposed back in 1993 to pay for Hillarycare. Imputed income is money you could make, but don’t because you choose not to. For incidence, let’s say your house would rent for $2000/month. That’s $24,000/year in “imputed income” you could be making if you rented your house. Never mind that if you rented your house you’d have to go find another place to live. I expect to see a flurry of nutty ideas like this to be floated over the coming months. What scares me is the idiots in Congress, DemocRat and Republican, are likely to pass some of it!
Awful - economic insanity.