Evaluate the given statement

Reference no: EM131500274

Question: One of your authors received the following ma-sage in an e-mail from a student "An individual who owns the house he lives in forgoes receiving rent from a tenant. This forgone rent represents an opportunity cost to the homeowner and therefore should not be taxed based on the Haig-Simons definition of income." Evaluate this statement.

Reference no: EM131500274

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