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Title: NC, MS And Other States Set To Tax Biden Student Loan Forgiveness
Source: [None]
URL Source: https://www.zerohedge.com/political ... biden-student-loan-forgiveness
Published: Sep 4, 2022
Author: Tyler Durden
Post Date: 2022-09-04 14:35:28 by Horse
Keywords: None
Views: 78
Comments: 5

Biden giveth, but some states taketh away

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Begin Trace Mode for Comment # 2.

#1. To: Horse (#0)

The same screeching about this will come from those who propose taxing unrealised gains on investments.

Dakmar  posted on  2022-09-04   14:47:28 ET  Reply   Untrace   Trace   Private Reply  

My state does not have an income tax so we cannot do this. But it should be automatically taxable federally as income. If you borrow money and don't pay, it becomes taxable income.

Horse  posted on  2022-09-04   16:18:40 ET  Reply   Untrace   Trace   Private Reply  

#3. To: Horse (#2)

If you borrow money and don't pay, it becomes taxable income.

Agreed. It took me an extra 20 hours last year to do my tax return thanks to a $0.14 dividend paid by Canuck mining firm I had bought all of $40 of stocks in.

Dakmar  posted on  2022-09-04 16:34:24 ET  Reply   Untrace   Trace   Private Reply  

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