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Originally Posted by bahbahmickey
I don’t see how your first 3 questions are relevant to the conversation so my only answer is for #2: yes, most people who make 25k pay less taxes than most people who make over 25k.
I think an educated workforce is extremely valuable.
I can’t think of any tax payer forced loan forgiveness I would support, but I would love to hear some you think I should support. Student loan forgiveness is just another massive handout to the colleges and universities - it will continue to encourage kids to go to college who can’t afford it in hopes their debt will be forgiven too which in turn will continue to raise the price of education at a higher rate than general inflation.
If the govt wants to make college more affordable for more people they need to do less of what they think will make it more affordable - not more.
You are factually wrong as usual .
Everyone earn the same and pay the same tax !
People who pay more tax is because they earn more ….
https://www.investopedia.com/terms/t/taxbracket.asp
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Example: How to Calculate Your Taxes
Here's the tax responsibility and the effective tax rate for a single filer with a taxable income of $50,000 in 2023:
The first $11,000 is taxed at 10%: $11,000 × 0.10 = $1,100.00
The next $11,001 to $44,725, or $33,724, is taxed at 12%: $33,724 × 0.12 = $4,046.88
Finally, the remaining $5,276 (what’s left of the $50,000 income) is taxed at 22%: $5,276 × 0.22 = $1,160.72
Add the taxes owed in each of the brackets:
Total taxes: $1,100.00 + $4,046.88 + $1,160.72 = $6,307.60
So your concept of « earning » is meaningless , everyone earn equally .
I rather pay higher tax then the guy winning 25k yartkybbevausbeir means I actually make more money in the end …
And why that is u may ask ?
Because not everybody can be rich at the same time !
It’s impossible
Unless u favouring a communism system where everyone win the same .
If education is so high in your appreciation , what is the difference between forgiveness loan for student and a tax cut when the result end up the same ?
More money in the pocket of the consumer ?
To say student loans forgone as hiving money to university makes no sense , it’s the student that gets the money .
And to believe student loans forgiveness is bad because it will entice more costly education makes no sense either , we already see from year of empirical data that prior to student loans forgiveness the cost of education was already to high and kept raising ….
FWIW pretty harsh to prevent people to have an education just because they are poor , especially when u admit it’s damn important !
The concept of equal opportunity is a an important American value which obviously u disagree with sadly .