3 ms·

How much money will be taken from an individual tax payer for student loan forgiveness?

SamReidHughes 4y ago
It doesn't matter. How can you think so little of yourself? Corruption, and that's what this is, a money transfer to Democrats' constituency, should be opposed even if it's a small amount.
- shakes_mcjunkie 4y ago
  The entire government runs off subsidizing various parts of society that it deems important. Is that all corruption?
- Jcowell 4y ago
  Do only democrats go to college and have debt?
  - j_walter 4y ago
    No, but there is far greater share of democrats that are college graduates (especially the younger ones) and those in the trades are a greater share of republicans. Not only...but certainly more of them.
bushbaba 4y ago
If loan forgiveness becomes a common trend it will be used as justification to raise taxes. Personally, as a tax-payer. The money I provide is not well spent and there's plenty of bloat. I'd prefer to not pay more in taxes and for the government to cost optimize its budget.
- viraptor 4y ago
  Yeah, imagine that, if only this became like an annual thing where taxes pay for universities, US could remove the middle man of the loan companies and join many other countries with a reasonable cost higher education!
- shakes_mcjunkie 4y ago
  Not all loans can be forgiven like federal student loans. So I don't understand how this would become "a common trend"? How much would your individual taxes increase if student loans are forgiven?
dmitrygr 4y ago
46 million Americans have student debt, 148 million are tax payers. if you want to forgive 10k for each borrower, that is 3.1K from each taxpayer, assuming zero overhead (LOL), if you want to forgive 50k/debtor, 15.5k per taxpayer, again assuming zero overhead (still LOL)
- shakes_mcjunkie 4y ago
  Surprisingly taxes don't work this way. The federal government can simply write this debt off by paying itself. It doesn't have to literally collect the dollars from tax payers.

It doesn't matter. How can you think so little of yourself? Corruption, and that's what this is, a money transfer to Democrats' constituency, should be opposed even if it's a small amount.

shakes_mcjunkie 4y ago
The entire government runs off subsidizing various parts of society that it deems important. Is that all corruption?
Jcowell 4y ago
Do only democrats go to college and have debt?
- j_walter 4y ago
  No, but there is far greater share of democrats that are college graduates (especially the younger ones) and those in the trades are a greater share of republicans. Not only...but certainly more of them.

bushbaba 4y ago

If loan forgiveness becomes a common trend it will be used as justification to raise taxes. Personally, as a tax-payer. The money I provide is not well spent and there's plenty of bloat. I'd prefer to not pay more in taxes and for the government to cost optimize its budget.

viraptor 4y ago
Yeah, imagine that, if only this became like an annual thing where taxes pay for universities, US could remove the middle man of the loan companies and join many other countries with a reasonable cost higher education!
shakes_mcjunkie 4y ago
Not all loans can be forgiven like federal student loans. So I don't understand how this would become "a common trend"? How much would your individual taxes increase if student loans are forgiven?

dmitrygr 4y ago

46 million Americans have student debt, 148 million are tax payers. if you want to forgive 10k for each borrower, that is 3.1K from each taxpayer, assuming zero overhead (LOL), if you want to forgive 50k/debtor, 15.5k per taxpayer, again assuming zero overhead (still LOL)

shakes_mcjunkie 4y ago
Surprisingly taxes don't work this way. The federal government can simply write this debt off by paying itself. It doesn't have to literally collect the dollars from tax payers.