>Both still own one home. Both are still consuming housing that's worth $25k/yr to them. Yet the government collects no tax revenue. Exempting the implicit valu

>Both still own one home. Both are still consuming housing that's worth $25k/yr to them. Yet the government collects no tax revenue. Exempting the implicit value of rent is a subsidy favoring owner occupied housing. Why stop at rent? Alice cooks at home? Tax implicit cost of dining out. Alice goes shopping? Tax implicit delivery cost. Alice conceives a child? Tax implicit IVF cost. Alice gives birth? Tax implicit adoption cost. Alice dies? Tax implicit execution cost.