Have you done the math to see what the government income would change to?

I don't really care what the government income is! They would have to get by on what they get, just like the rest of us!

Oh ok. What would stop Russia from coming and taking everything you own? Because there would be no military under your tax plan. All city and county governments would shut down. State eventually would too because who would want to be elected into that?

Buddy I agree we pay too much in taxes, and there should be some cuts. But man you got to come up with something that won’t have my grandkids speaking Russian or Chinese lol.

Well for starters, college folks are tax payers too. And I pay a pretty decent bit myself. But everyone has things they wish their tax dollars didn’t pay for. For example, some people are okay with us trucking Israel aid, but not Ukraine.

But if the US collected 4.9T in tax revenue in a single year,and giving us the promised loan relief was $300-400b, then it’s safe to say the 40% of US with degrees contributed quite a bit towards that. It’d be more like a rebate than anything. You could say it came out of OUR tax dollars

Also if your effective tax is over 50%, you must be including sales tax, property tax, maybe self employment tax? Because the highest marginal rate is like 37%. Either way, it sounds like you’re doing pretty well for yourself, so congrats on that.

The no overtime tax is gonna encourage companies to force alot of overtime. Alot of employees are gonna be begging for it then companies are gonna start scheduling everyone overtime. Then next thing you know overtime is mandatory and the empolyees are so happy with the money that all companies don't need to give raises for the next 10 years.

That’s a fair point scrape.

Don’t think you understand. People will still be paid, let’s say time and a half by the employer but the employer will have another column for the half that won’t be taxed. This is a bargaining chip so employers choose the best people to do the job and make pretty good people step up to the plate. I’ve been in a few of these type of meetings.

No JohnG he understands exactly. No tax on overtime, and no tax on tips. That’s pretty self explanatory.

No, he's just butthurt that he has to repay his loans.

Yep. He’s also butthurt that some people are getting tax cuts based on how they are paid. Not how much, but how. That’s a weird way to make that decision. Don’t you agree?

I'll agree that's it's pandering for votes, just like Biden used the student loan forgiveness as pandering for votes.

But Libtard256 only used this argument as a red herring to bitch about having to repay the loan he agreed to repay. Read his posts and he thinks loan forgiveness is OWED to him, just like any other worthless dimtard of the entitlement society.

Fuck him.

The last line is 100% spot on. Some of the most hardcore conservatives were the first in line to get their free stuff. I wouldn’t be scared to say a good percentage was spent on luxury items for small business owners

You are comparing apples to oranges. Loans were not earned. That money was given to you with the expectation you would pay it back. You didn't work for or earn one penny of it. If the government declared your loan forgiven, they would be giving you something you didn't earn with money taken from people who did earn it. Taxes on tips and overtime is the government taking away something you did earn. Also, you made a choice when you took the loan to pursue the degree you wanted. There were other choices you could have made for a career that didn't require that loan but, you didn't choose that route. Tax payers have no choice, they pay taxes.

Damn commies.

There is no such thing as " loan forgiveness"; the debt is just transferred to others who received no benefit. Word games

Like I said, I only left college a few years ago with $7k in student loans. That’s almost nothing. I was very strategic with my choices of school, when I went, etc to not be overly burdened by loans.

But the point I’m making is that if the loans were forgiven, it would be with tax dollars. Here’s the thing, we pay taxes too. So it would be like getting some of our taxes back. Ya’ll hate that.

But give select workers tax free income while everyone else has to pay full taxes.. that’s totally great.

I can browse my local zip codes on the PPL website and see all the hardcore Republicans who got big PPL loans forgiven.

It boils down to an empathy thing. A lot will snatch up what benefits them, but be hardcore against it when it doesn’t.

lol okay snowflake. You guys are incapable of debate without melting down. Yall make Taylor Swift fans look sane.

I’m more concerned that such a percentage of the population gets to run tax free than I am my $7k of loans.

The difference is you are not "getting taxes back" with loan forgiveness. Getting something back implies you had it to begin with. You didn't have that money to begin with to "get back", it was unearned and loaned to you. Paying off your debt with tax payer money is paying for your choices at the expense of someone else. Again, you are comparing giving someone something they didn't earn to letting someone keep what they did earn, two totally different things. If you will read both of my posts carefully you will see I have laid this out to you very simply and logically.

Did you take any education credits when you filed taxes during those years you attended college? If you did, then you got some tax relief then.

Like getting an income tax refund but having student loan debt. How can this be ?