Regarding the imputed income from the rental value in connection with living in one's own home, Professor Andrews wrote that such income " has never been included in taxable income in the United States ."
22.
:: : Another form of income in kind does not even involve a receipt : it is the imputed income that results from the investment of capital or performance of services for one's own personal or family use.
23.
Thus, a wealth tax can be viewed as a tax on potential income from capital . " Because a net wealth tax can be the equivalent of an annual tax on imputed income, the capital gains, estate and gift taxes are not necessary.
24.
A second justification applies to countries which tax imputed income on home ownership, such as Switzerland : since home ownership generates imputed income under such a system, the interest on the home loan is no longer a personal expense, but an expense necessary to " earn " the imputed income and therefore should be tax deductible.
25.
A second justification applies to countries which tax imputed income on home ownership, such as Switzerland : since home ownership generates imputed income under such a system, the interest on the home loan is no longer a personal expense, but an expense necessary to " earn " the imputed income and therefore should be tax deductible.
26.
A second justification applies to countries which tax imputed income on home ownership, such as Switzerland : since home ownership generates imputed income under such a system, the interest on the home loan is no longer a personal expense, but an expense necessary to " earn " the imputed income and therefore should be tax deductible.
27.
The BLP issue is that, as currently written, this article imputes income to Paul Elam based on un-dated, 3rd-hand information from a self-evidently biased ( and therefore not " high quality " per WP : BLP ) party that cannot be independently verified by anybody who doesn't have access to Dun & Bradstreet reports which, I imagine, would be most people.
28.
The US Department of Health and Human Services estimates that 68 % of child support cases had arrears owed in 2003, a 15 % increase from 53 % in 1999 . It is claimed that some of these arrearage cases are due to administrative practices such as imputing income to parents where it does not exist and issuing default orders of support.
29.
The imputed income an owner receives from an investment in owner-occupied housing has always escaped taxation, much like the imputed ( estimated ) income someone receives from doing his own cooking instead of hiring a chef, but the Act changed the treatment of imputed rent, local property taxes, and mortgage interest payments to favor homeownership, while phasing out many investment incentives for rental housing.
