4 ms·
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
by 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 agoSurprisingly 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.