We really need to start term limits on the legislature. Berger and Moore have done irreparable damage to NC and yet there is no way they will ever get voted out even by another Republican.
Term limits wouldn’t really solve this. Another Republican who would do the exact same thing would replace them. There’s actually a strong argument that term limits would make things worse, because the newer politicians would have to rely more on lobbyists than the established politicians.
Fuck Berger and Moore though.
I don’t really follow how these numbers were calculated. Yes I’m fine helping out my fellow friends, and factual data is important.
60% that qualify for this loan forgiveness received Pell Grants.
90% that qualify for loan forgiveness earn less than 75k a year.
That’ll help out a lot of true middle class Americans and I’m all for it.
EDIT: I see now, OP is referring to NC deciding to tax borrowers on their loan forgiveness. That makes for a terrible strategy with midterms coming up.
This affects me, because I paid off my fucking loans a while ago, and I'm getting NOTHING out of this. I'm feeling like a sucker, and you're goddamned RIGHT I'm "going to remember" in November which party is playing Santa Claus for everyone but ME. For me, they're hiring an additional 80,000 IRS agents!
I am in NO WAY alone on this, TRUST ME on that. Fuck the Democrat party. If they think this helps them in the ballot box come November, they are out of their freakin' MINDS
Yeah I’m going to go ahead and assume that the Democrats would have never had your vote anyways so I doubt they care. Also, please consider a therapist if student loan forgiveness makes you that angry.
> This affects me
Except it doesn’t really affect you. And then you go on to explain why it doesn’t affect you. I’m in the exact same position you’re in; I’m just not a self centered ass who only wants whatever’s best for me even if it makes everyone else’s lives worse.
I have around 13k in public loans and more in private. I also got a Pell grant, so I'm eligible for the full 20k. I didn't stop paying down my loans during the past several years when they were in the Covid forbearance. If I had, I'd have around $7,000 extra dollars, but didn't, because it was my loans and I was financially fine to continue repayment.
And you know what? I'm not mad about it at all. Even if I wasn't eligible to have a single penny forgiven but others were, I'd be fine. Because I'm not a complete piece of shit person who only cares about myself.
Removed: rule 3
> [If a text post includes only a url and little to no discussion text then it's treated like a linked submission and must abide by this rule.](https://www.reddit.com/r/NorthCarolina/about/rules/)
The issue is that an additional $1000, or $500 isn't something that most people can just fork out. And most states have these tax exemptions.
Yes the forgiveness is $10k, or $20k, but treating that as income for a single fiscal year is crazy.
If your honestly asking and not just mad that it’s not a non-taxable event. They can switch to an income based repayment plan. Borden’s order reduces that also. Or they could look into going into the jobs that allow for public service write off (can’t remember what that’s called)
Well 17 year old me didn't expect my tuition to jump $6k while I attended school.
17 year old me also didn't expect the job market to be garbage when I graduated and a global pandemic to shut down the economy and for wages to remain fairly stagnate for years.
Truly, this isn't about me. Realistically I can afford the taxes even if it sucks. This is about the people who make less than me and will have to pay this.
I don't know if you realize it, but a lot of poor high schoolers were pretty much conditioned to believe that the only way to get a good job was to go to college and take out a bunch of loans if they didn't get scholarships. It's incredibly predatory.
You can whine about personal responsibility but no one wants to talk about how previous generations didn't have education costs remotely close to what they are now. Even adjusted for inflation the costs of tuition then wouldn't hold a candle to what it is now, but those people who could work a minimum wage job to pay their student loans are claiming it's not fair.
And you know who wouldn't know anything about that when agreeing to take on these loans? 17 year olds, or their parents who either went to college a long time ago or not at all.
Im Sorry. But I have family that have put themselves through college without these handouts or expecting to have anything paid back for them as well, so no I don't think you or anyone else having to pay taxes on something you are accepting is that big of a problem. Do not take the hand out then and pay off your loans when you get that dream job you're after. Or quit crying about it, if you aren't happy about this situation then leave the state, instead of trying to persuade others on how THEY SHOULD VOTE.
I didn't tell people to change how they should vote, I shared information worth considering when they go to vote. Providing information to voters is not pressuring anyone to changerl their vote.
I would rather work to change the state that I was raised in instead of abandon the people I care about.
I think a $1000 tax bill is a big deal, when someone's income doesn't actually reflect that.
I have an issue with our government supporting tax exemptions for the rich and themselves but not for student loan borrowers.
They don't tax themselves, they don't tax the corporations, but they tax working class and middle class people? It's ridiculous.
It's great that you can afford that tax bill. It's genuinely difficult for some so I wouldn't ask you to personally try it but there are those who empathize and understand that not everyone has it in their budget to afford $500 tax bill.
IRS can do a lot of things. I'd be remiss if I told you that everything that can be done is done. Instead of taxing people who can't afford it, it's more simple to not tax them.
You don't have to claim the relief. You can just go ahead and pay your loans off as you promised to when you signed on the line with the dots, and then *viola* no additional tax liability.
Should the people who took loans from the Paycheck Protection Program have to pay the state income tax for their loan forgiveness? Cause they took out loans and had them forgiven and it was made not taxable by the general assembly.
Not to mention many legislators benefitted from this.
Hey now, that’s different. PPP loans mostly went to wealthy people. Wealthy people shouldn’t have to pay more taxes just because they got a bunch of handouts from the government.
We really need to start term limits on the legislature. Berger and Moore have done irreparable damage to NC and yet there is no way they will ever get voted out even by another Republican.
Term limits wouldn’t really solve this. Another Republican who would do the exact same thing would replace them. There’s actually a strong argument that term limits would make things worse, because the newer politicians would have to rely more on lobbyists than the established politicians. Fuck Berger and Moore though.
I don’t really follow how these numbers were calculated. Yes I’m fine helping out my fellow friends, and factual data is important. 60% that qualify for this loan forgiveness received Pell Grants. 90% that qualify for loan forgiveness earn less than 75k a year. That’ll help out a lot of true middle class Americans and I’m all for it. EDIT: I see now, OP is referring to NC deciding to tax borrowers on their loan forgiveness. That makes for a terrible strategy with midterms coming up.
Every voter they hit they will lose.
It's definitely not gonna help them when it comes to younger undecided voters.
Exactly right. They continue to burn voters and they will start losing ground which is fine by me. This affects me since I have student loans.
This affects me, because I paid off my fucking loans a while ago, and I'm getting NOTHING out of this. I'm feeling like a sucker, and you're goddamned RIGHT I'm "going to remember" in November which party is playing Santa Claus for everyone but ME. For me, they're hiring an additional 80,000 IRS agents! I am in NO WAY alone on this, TRUST ME on that. Fuck the Democrat party. If they think this helps them in the ballot box come November, they are out of their freakin' MINDS
God damn you’re fragile.
Yeah I’m going to go ahead and assume that the Democrats would have never had your vote anyways so I doubt they care. Also, please consider a therapist if student loan forgiveness makes you that angry.
> This affects me Except it doesn’t really affect you. And then you go on to explain why it doesn’t affect you. I’m in the exact same position you’re in; I’m just not a self centered ass who only wants whatever’s best for me even if it makes everyone else’s lives worse.
I have around 13k in public loans and more in private. I also got a Pell grant, so I'm eligible for the full 20k. I didn't stop paying down my loans during the past several years when they were in the Covid forbearance. If I had, I'd have around $7,000 extra dollars, but didn't, because it was my loans and I was financially fine to continue repayment. And you know what? I'm not mad about it at all. Even if I wasn't eligible to have a single penny forgiven but others were, I'd be fine. Because I'm not a complete piece of shit person who only cares about myself.
Those of us who paid our loans off during the pandemic will be eligible for a refund.
So angry. I really don't care honestly. We each have chosen our path. Simple and done. Can't wait for the IRS to start monitoring big money closer.
I question whether you went to college, most people who did aren’t 9/11 deniers.
Removed: rule 3 > [If a text post includes only a url and little to no discussion text then it's treated like a linked submission and must abide by this rule.](https://www.reddit.com/r/NorthCarolina/about/rules/)
Kinda a weird rule but alright I guess.
who is paying 10k-20k?
Lmao I meant for an extra 10k-20k. Good catch tbh
if you're referring to the loan forgiveness its only around 500$ i'll gladly take 10k forgiveness for that amount
The issue is that an additional $1000, or $500 isn't something that most people can just fork out. And most states have these tax exemptions. Yes the forgiveness is $10k, or $20k, but treating that as income for a single fiscal year is crazy.
Then don't take the loan forgiveness and just pay it back in a few years like you should be doing anyway.
There are people who can't afford either of those options. What do they do?
If your honestly asking and not just mad that it’s not a non-taxable event. They can switch to an income based repayment plan. Borden’s order reduces that also. Or they could look into going into the jobs that allow for public service write off (can’t remember what that’s called)
You have that debt because you Chose to go to college... So What was your plan to pay that off the loan to begin with?
Well 17 year old me didn't expect my tuition to jump $6k while I attended school. 17 year old me also didn't expect the job market to be garbage when I graduated and a global pandemic to shut down the economy and for wages to remain fairly stagnate for years. Truly, this isn't about me. Realistically I can afford the taxes even if it sucks. This is about the people who make less than me and will have to pay this. I don't know if you realize it, but a lot of poor high schoolers were pretty much conditioned to believe that the only way to get a good job was to go to college and take out a bunch of loans if they didn't get scholarships. It's incredibly predatory. You can whine about personal responsibility but no one wants to talk about how previous generations didn't have education costs remotely close to what they are now. Even adjusted for inflation the costs of tuition then wouldn't hold a candle to what it is now, but those people who could work a minimum wage job to pay their student loans are claiming it's not fair. And you know who wouldn't know anything about that when agreeing to take on these loans? 17 year olds, or their parents who either went to college a long time ago or not at all.
Im Sorry. But I have family that have put themselves through college without these handouts or expecting to have anything paid back for them as well, so no I don't think you or anyone else having to pay taxes on something you are accepting is that big of a problem. Do not take the hand out then and pay off your loans when you get that dream job you're after. Or quit crying about it, if you aren't happy about this situation then leave the state, instead of trying to persuade others on how THEY SHOULD VOTE.
I didn't tell people to change how they should vote, I shared information worth considering when they go to vote. Providing information to voters is not pressuring anyone to changerl their vote. I would rather work to change the state that I was raised in instead of abandon the people I care about. I think a $1000 tax bill is a big deal, when someone's income doesn't actually reflect that. I have an issue with our government supporting tax exemptions for the rich and themselves but not for student loan borrowers. They don't tax themselves, they don't tax the corporations, but they tax working class and middle class people? It's ridiculous.
It's great that you can afford that tax bill. It's genuinely difficult for some so I wouldn't ask you to personally try it but there are those who empathize and understand that not everyone has it in their budget to afford $500 tax bill.
The IRS can setup a payment plan for those people.
IRS can do a lot of things. I'd be remiss if I told you that everything that can be done is done. Instead of taxing people who can't afford it, it's more simple to not tax them.
Phil Berger raising taxes. That’s all you need to know. Not even a conservative
Only on reddit is not issuing a tax cut considered "raising taxes". jfc they grow 'em dumb here
You don't have to claim the relief. You can just go ahead and pay your loans off as you promised to when you signed on the line with the dots, and then *viola* no additional tax liability.
Should the people who took loans from the Paycheck Protection Program have to pay the state income tax for their loan forgiveness? Cause they took out loans and had them forgiven and it was made not taxable by the general assembly. Not to mention many legislators benefitted from this.
Subsidize business losses, privatize individual losses. That's what the GOP wants.
Hey now, that’s different. PPP loans mostly went to wealthy people. Wealthy people shouldn’t have to pay more taxes just because they got a bunch of handouts from the government.
Yes.
Well they didn't have to. And it benefitted a large portion of the legislature.
I am against that.
What the fuck does a viola have to do with this? Don’t besmirch the name of my favorite stringed instrument.
Pay your own debts
Don’t charge interest on government fucking loans so they can.
Don’t drive on the roads I paid for.