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Phillyredsox t1_isu3qr6 wrote

Reply to comment by [deleted] in LPT: If you're planning to apply for/accept Biden's Student Loan Forgiveness, be aware that some states may TAX it as income! by Anachronisticpoet

Is that if you get the $20,000?

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mokeyss t1_isum35h wrote

Either way state mileage may vary. It would be as a state income tax based on what that person is saying. That means in Mass it would be taxed at 5%.

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flightwatcher45 t1_iswjcbi wrote

Scary you have student loans and can't figure it out lol.

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Phillyredsox t1_isxmqrf wrote

Who said I had student loans?

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flightwatcher45 t1_isxn2r1 wrote

Even if you don't, I was joking that you should be smart enough to know. It was a joke. If you walk way with 9500 after tax do you think you got 10k or 20k initially? And yes it depends on a few variables but it should be clear.

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Phillyredsox t1_isxv623 wrote

And my comment was an exaggeration on the over taxed middle and lower class population of the US.

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flightwatcher45 t1_isy2o05 wrote

Haha. Yep, now us tax payers get to pay the loans off.

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Phillyredsox t1_isy4rp3 wrote

If they would just tax the rich this wouldn’t be a problem.

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flightwatcher45 t1_isy6j3x wrote

That's a slippery slope but I agree to an extent. We shouldn't need to tax the rich differently, if we had a system that was somehow balanced.. There is no easy solution to all the issues in our economy, especially we can all agree on! I paid my loans, got a good job, get paid well and have more than most so I try not to complain.

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