And I mean absurd in the most literal sense. We all know that the U.S. tax code is riddled with "loopholes", exemptions and deductions intended to incentivize certain activities. Many of these are of dubious provenance and questionable utility. But, there is one that is particularly ridiculous. As in, how can this possibly be thought of as a loophole? But, to the technocrats in the federal government, the tax you don't have to pay on the value of rent you don't have to pay because you own your home is a loophole.
Read that last sentence again. Its called "The Imputed Net Rental Income on Owner-Occupied Housing" and the feds include it in their annual list of "tax expenditures." That term is how Washington officially refers to credits, deductions and exemptions. Here's how the federal government describes it: More
this lunacy is typical of the total gibberish that permeates EVERYTHING produced by the mentally defective and criminally insane monstrosity that is american government today. they will keep pushing us around, as all tyrants do, until the people push back....
this lunacy is typical of the total gibberish that permeates EVERYTHING produced by the mentally defective and criminally insane monstrosity that is american government today. they will keep pushing us around, as all tyrants do, until the people push back....
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