Todd Tiahrt: “I have gotten a few calls over the past weeks about the Treasury Department's use of imputed income. Imputed income…”

“I have gotten a few calls over the past weeks about the Treasury Department's use of imputed income. Imputed income means if you own your own home, you could move out and rent it to another family, and therefore you could be making some more money, and it should be taxed. There are a lot of taxpayers that are feeling a little bit insulted by this concept that has been developed by a bunch of out-of-touch bureaucrats here in Washington, DC, who think that people can count income that is not really income. Maybe the President can rent his home out for a lot of money, but most people do not own or live in a home that they own free and clear. Telling the average American families that their incomes are actually $30,000 or more higher than they think is truly bizarre. Telling middle-class families that they are actually rich and therefore do not need some tax relief is just the latest outrage from the bureaucracy in Washington, DC, that does not live in the real world. Most Americans know it is time for some tax relief here in America.”