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re: Elizabeth Warren's Answer For Student Loan Debt - Tax Rich People
Posted on 8/25/14 at 12:23 am to Taxing Authority
Posted on 8/25/14 at 12:23 am to Taxing Authority
And I am convinced that you don't know shite about the actual issue so how about you just shut the frick up.
Back on topic....
I think it is stupid that the government doesn't allow people who make more than $75k a year to write off the student loan interest as a tax deduction. That rule should be taken out all together.
The rich take out mortgages to take advantage of the mortgage interest deduction. Even though they could easily buy their house(s) in cash.
At the very least, the government should allow individuals to write off the interest no matter how much they make.
Back on topic....
I think it is stupid that the government doesn't allow people who make more than $75k a year to write off the student loan interest as a tax deduction. That rule should be taken out all together.
The rich take out mortgages to take advantage of the mortgage interest deduction. Even though they could easily buy their house(s) in cash.
At the very least, the government should allow individuals to write off the interest no matter how much they make.
This post was edited on 8/25/14 at 12:27 am
3
Posted on 8/25/14 at 6:06 am to cjared036
quote:
cjared036
Forgive me, but if you work in banking, you're the last person I'm going to let lecture me on student loans.
As I said earlier, if the government would stop insuring student loans ALTOGETHER, the problem solve itself.
Posted on 8/25/14 at 6:51 am to cjared036
quote:
The rich take out mortgages to take advantage of the mortgage interest deduction. Even though they could easily buy their house(s) in cash.
I don't think you really understand why the wealthy do this if you are saying it is solely for the tax deduction.....
Posted on 8/25/14 at 9:38 am to cjared036
quote:So what? It's their money. As long as they don't ask me to pay their mortgage ... I don't care.
The rich take out mortgages to take advantage of the mortgage interest deduction. Even though they could easily buy their house(s) in cash.
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