Seems the Democrats have a new plan for us if they win. I did a search and found that is floating out there just waiting to bite us in the rear.
imputed income!
Under this wonderful plan, first floated by Clinton Democrats before the voter revolution of 1994, the government would figure out how much your home would rent for every month. To do this they would use all of that census data they've gathered, plus any information that they can develop on current sale and rental prices up and down your street.
Let's say that the government --- the IRS, if you will --- determines that your home would rent for $3,250 a month. That would add up to $39,000 a year. But the IRS discovers that you're only paying $550 a month, or $6,600 a year. Well, there's that economic benefit you're enjoying by virtue of your long-term home ownership. The economic benefit of your home ownership is the difference between the $39,000 you should be paying to live there, and the $6,600 you're actually paying. Do the math. You're getting away with $32,400 every year in non-taxed economic benefits!
The Democrat plan is simple. Just take that $32,400 and add it to your taxable income on your next tax return. Then you get the privilege of paying income taxes to the federal government on the economic benefit you derive from your long-term home ownership. The IRS has "evened the playing field" in your neighborhood ... so to speak. Your neighbors had to pay taxes on the full $39,000 they're paying to live down the street ... now you're having to do the same. After all ... it's only fair, right!
So when you vote for that Dem favorite of your just remember this. Democrats actually believe that the best use for every single penny you earn is for it to be spent by government for what they love to call the "common good." They will grudgingly allow you to keep enough of your earnings to avoid your participation in a full-scale tax revolt. A good Democrat knows that only Democrats and the government know what is good for you, and that you will be so much better off and your life oh so much better if you will just succumb to the power of government and it's ability to care for you much better than you can care for yourself.