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The Kommie's Student Loan Forgiveness...

Posted: Fri Aug 26, 2022 8:49 am
by Flame Red
Since the Kommies just announced their illegal Student Loan Forgiveness, here is a something to consider.

If you have a loan outstanding, and that loan is "forgiven" you are supposed to claim the forgiviness as income on your tax return!

Will the 87,000 new armed IRS agent will get busy knocking down doors for all the Kommies sitting in the parent's basements unemployed that will have their student loans forgiven to collect the tax due?

Nah, they are Bidumb voters!

Re: The Kommie's Student Loan Forgiveness...

Posted: Fri Aug 26, 2022 9:35 am
by REDinFL
You are correct re: the tax code. The only way around it is if the "forgiveness" were to be done properly, by legislation which would have to include exemption from that provision. Since he/it is doing it by EO .....

As far as the tax enforcers are concerned, I'd say it's easy pickings.

Re: The Kommie's Student Loan Forgiveness...

Posted: Sun Aug 28, 2022 11:20 pm
by Tenzing_Norgay
They were interviewing some brainless, useless crumpet (with a new degree) on the news yesterday....and I quote: "I think it's great! I have car payments to make and this will make that easier!"

:roll:

Re: The Kommie's Student Loan Forgiveness...

Posted: Mon Aug 29, 2022 11:13 am
by lighteye
Much like cash for clunkers, it is another national wealth redistribution scheme.

Re: The Kommie's Student Loan Forgiveness...

Posted: Mon Aug 29, 2022 12:04 pm
by OSD
cash for clunkers ended back around 2009, way before all this new crap.
Why help pay the loans that they knowingly and willingly took out on their own volition.
You borrowed, you pay. Not everyone else.

Re: The Kommie's Student Loan Forgiveness...

Posted: Mon Aug 29, 2022 1:14 pm
by tector
This is end-stage "democracy" bullshit, where the parasites on the government tit outnumber the responsible taxpayers, and demand to be supported more and more. The slide downhill will begin to accelerate rapidly.

Re: The Kommie's Student Loan Forgiveness...

Posted: Mon Aug 29, 2022 3:53 pm
by gforester
This is a real pisser for me. I worked full time while going to school at night for 9 years to get my degree. I didn't take out loans. I paid my way with my own money and a scholarship I earned for my last year and attended school full time while still working full time. This is just Bidumb buying votes.

Re: The Kommie's Student Loan Forgiveness...

Posted: Mon Aug 29, 2022 8:30 pm
by tector
gforester wrote: Mon Aug 29, 2022 3:53 pm This is a real pisser for me. I worked full time while going to school at night for 9 years to get my degree. I didn't take out loans. I paid my way with my own money and a scholarship I earned for my last year and attended school full time while still working full time.
SUCKER!!!

Re: The Kommie's Student Loan Forgiveness...

Posted: Tue Aug 30, 2022 1:00 pm
by gforester
tector wrote: Mon Aug 29, 2022 8:30 pm
gforester wrote: Mon Aug 29, 2022 3:53 pm This is a real pisser for me. I worked full time while going to school at night for 9 years to get my degree. I didn't take out loans. I paid my way with my own money and a scholarship I earned for my last year and attended school full time while still working full time.
SUCKER!!!
I feel like I am getting fucked, sans any vaseline!

Re: The Kommie's Student Loan Forgiveness...

Posted: Tue Aug 30, 2022 1:01 pm
by tector
Yep, this is how it works now.