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posted 2 years ago by quantumwannabe 2 years ago by quantumwannabe +27 / -0

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– dekachin 11 points 2 years ago +11 / -0

I get WHY loan forgiveness is seen as taxable income (to prevent a loophole to evade the gift tax by simply loaning and forgiving) but it's still fucking stupid, because obviously a person who is genuinely having their debt written off for INABILITY TO PAY... CAN'T PAY TAXES ON IT EITHER.

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– Nikola_S1 1 point 2 years ago +1 / -0

Strange the govt didn't introduce loan tax instead.

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