Insane Government

Why People Cheered the Movie... and would prolly cheer the real deal “ Let's say you own a home and your mortgage is $1,000 a month. If, however, you instead rented the home from a landlord your rent, let's say, would be $2,000 a month. To the mandarins at the IRS, you are "earning" an implied $1,000 a month because you own and not rent, and that "value" should be added to your taxable income. If you own your home out-right and don't have a mortgage at all, you would be "earning" $2,000 a month which the IRS thinks should be added to your taxable income. [The Most Absurd 'Loophole' in the Tax Code] ...   the feds list this exemption as one of the top "loopholes" in the tax code. They estimate that it "costs" the feds over $50 billion a year to not levy this tax. ”