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kpete

(72,897 posts)
Fri Oct 28, 2022, 08:54 AM Oct 2022

If you have a problem with the student loan cancellation because you already paid of your loans...

15 replies = new reply since forum marked as read
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If you have a problem with the student loan cancellation because you already paid of your loans... (Original Post) kpete Oct 2022 OP
Difference is everyone got a tax cut. jimfields33 Oct 2022 #1
It's always amusing kcr Oct 2022 #2
NOt true ... not everyone got a tax cut JT45242 Oct 2022 #5
Um the standard deduction went from 6K to 12K per filer jimfields33 Oct 2022 #6
At the same time the $4k + personal exemption went away. sl8 Oct 2022 #13
No, everyone didn't. AllyCat Oct 2022 #7
Not if they never paid any net federal income tax, which was the case for tens of millions Celerity Oct 2022 #10
I promise you, I got less of a tax cut than Jeff Bezos did. Bucky Oct 2022 #11
Says someone who probably got her loan paid off. BSdetect Oct 2022 #3
I didn't get my loans paid off Bettie Oct 2022 #8
Yes, college was a lot less expensive up until the late 80's - I was able to pay mine off. tenderfoot Oct 2022 #14
Perfect liberal N proud Oct 2022 #4
Hey - my MIL died of lung cancer... Hela Oct 2022 #9
Too many on the left seem happy to feed the right's talking points. TiredGenXFemme Oct 2022 #12
Amen! and welcome to DU! Trailrider1951 Oct 2022 #15

JT45242

(3,665 posts)
5. NOt true ... not everyone got a tax cut
Fri Oct 28, 2022, 09:19 AM
Oct 2022

The bottom did not get a tax cut.

People who had more than the SALT cap did not get a tax cut, because itemizing limits hurt if you have high property taxes.

Last year the rates on middle class started to increase and will continue to increase as the posion pill the Rethugs put in the bill to pay for the corporate and uberrich gifts.

A small sum in the first year and more taxes over the next 3 is not a tax cut. It is a scam.



sl8

(16,910 posts)
13. At the same time the $4k + personal exemption went away.
Fri Oct 28, 2022, 01:48 PM
Oct 2022

Also, the standard detection probably would have increased a bit, regardless.

So, yes, the standard deduction went up (I think it was from $6500 to $12,000) , but the net effect wasn't very much.

AllyCat

(18,273 posts)
7. No, everyone didn't.
Fri Oct 28, 2022, 09:23 AM
Oct 2022

Our taxes go up every 2 years after the initial “cut”. Some, like my household, fell into a donut hole where we have paid more and more every year since 2017, including the year everyone supposedly paid less.

I have been paying student loans for decades. I haven’t missed a payment. I’ve more than paid back the cost of my education. I’m basically stuck paying the banks now. I welcome some relief even if you and the GOP think I’m a freeloader.

Celerity

(52,526 posts)
10. Not if they never paid any net federal income tax, which was the case for tens of millions
Fri Oct 28, 2022, 12:59 PM
Oct 2022

Bettie

(18,963 posts)
8. I didn't get my loans paid off
Fri Oct 28, 2022, 09:25 AM
Oct 2022

it took me a long time to do it and DH.

But, we're not petty enough to demand that we get our paid-off loans refunded to us.

We're happy for people who will be able to move forward in their lives, without the sword dangling over their heads.

 

tenderfoot

(8,982 posts)
14. Yes, college was a lot less expensive up until the late 80's - I was able to pay mine off.
Fri Oct 28, 2022, 01:50 PM
Oct 2022

And I am glad people were able to get a PITTANCE to help pay off theirs.

Hela

(472 posts)
9. Hey - my MIL died of lung cancer...
Fri Oct 28, 2022, 12:54 PM
Oct 2022

so they should stop researching it and not cure anybody else's. Same for my dad and massive heart attacks. Fuck your targeted chemo and coronary angiograms!

(Just in case somebody doesn't realize what their objection to student loan forgiveness actually sounds like.)

TiredGenXFemme

(39 posts)
12. Too many on the left seem happy to feed the right's talking points.
Fri Oct 28, 2022, 01:37 PM
Oct 2022

Their MO is to divide the middle and lower class while the 1% keep collecting their spoils. Yes, there should be more, there CAN be more, but anyone who's going to begrudge someone poor or middle class for having student loans paid off is a part of the problem.

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