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To: Tenniel2

Assume you own your house — fully paid for, no mortgage, no obligations apart from property taxes. Now assume that a comparable house in a comparable neighborhood could be rented for X dollars/month. Because you’re enjoying the benefit of such a property but aren’t paying rent, according to the “imputed income” fairytale you owe taxes on the X dollars/month you’re not paying.


You miss the point entirely. If you are providing a service for the person who owns the home, and they let you stay there in exchange for your services, THEN it is imputed income.


41 posted on 02/18/2009 6:09:05 AM PST by Atlas Sneezed
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To: Beelzebubba
If you are providing a service for the person who owns the home, and they let you stay there in exchange for your services, THEN it is imputed income.

There ya go.

You have captured the essence of one type of imputed income.

45 posted on 02/18/2009 6:13:59 AM PST by evad (.!.)
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