/biz/ - Business & Finance

>>	Anonymous Sat Dec 5 22:06:25 2020 No.24582289 [View] File: 234 KB, 1200x1200, 90376709-8164-40AA-B748-DF181F665B8C.jpg [View same] [iqdb] [saucenao] [google] Will student debt cancellation cause inflation?

Student loan forgiveness as taxable benefit Anonymous Tue Oct 27 22:08:00 2020 No.23563459 [View]
File: 234 KB, 1200x1200, 123028068_3505169619531729_5553887729772845229_o.jpg [View same] [iqdb] [saucenao] [google]

If people want to forgive student debt; why don't we do it, and have it constitute a taxable benefit?

The government can issue a 1099-G for the amount of the loan discharged. That amount is included in income on their next tax return and the tax burden is mostly levied on the individuals who actually took out the loans.

Granted there are a lot of problems with this solution but it's something I've always wanted to discuss.

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/biz/ - Business & Finance

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