No. of Recommendations: 0
"Own a home with a mortgage whose payment is less than what the house would rent for. The government could consider this difference to be taxable income. Even worse is the case where the house is owned free and clear. Heard this idea floated on a talk show this morning.

Thoughts on this possibility? The government needs revenue."

This would not increase tax revenue, it would increase bank revenue as a boatload of people did cash-out refinancing.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.