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Politics : PRESIDENT GEORGE W. BUSH
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To: MulhollandDrive who wrote (8471)11/4/1999 12:42:00 PM
From: Neocon  Read Replies (1) of 769670
 
No, it does not. Again, it depends on the other sources of income, although I think that you nailed it by mentioning the house as a big factor in the calculation. If they do not care to liquidate, it is not realized as income. They do get an advantage out of having no rent, but that is blown if they refinance in order to supplement their cash income. I think Zoltan is right, that the average is quite high, but LT makes a good point that the median would be more relevant for something like this.......
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