If you have a problem with the student loan cancellation because you already pai

[Texacon]

https://www.democraticunderground.com/100217293412

if you have a problem with the student
loan cancellation because you already
paid off your loans, just pretend its a
tax cut for the rich that you also never
got but mysteriously didn't complain
about

Their lack of mathematical skills never fail to astound. Watch this.

1. Difference is everyone got a tax cut.

Celerity
10. Not if they never paid any net federal income tax, which was the case for tens of millions

So, this dumbass thinks if you never paid federal taxes you didn’t get a tax cut. Really. How do you take away from nothing?  She’s wanting to divide by zero.

Now, I wonder how many of these financially retarded individuals realize that those who pay no federal tax almost ALWAYS get back more in taxes than they paid in through the year. So yes, you can realize more than you paid in.

As an example, I had a friend who paid $3,000 through the year, but due to the magic of EIC, he got a tax ‘refund’ of $5,000.

Now would our queer friend living in Europe understand that?  I doubt it. She probably also doesn’t know that due to tax brackets those who pay no net tax can get back even MORE they never paid in. So yes, they didn’t get a tax cut, but they benefited. Go figure.

KC

[DUmpDiver]

AllyCat (13,455 posts)

7. No, everyone didn't.

Our taxes go up every 2 years after the initial “cut”. Some, like my household, fell into a donut hole where we have paid more and more every year since 2017, including the year everyone supposedly paid less.

I have been paying student loans for decades. I haven’t missed a payment. I’ve more than paid back the cost of my education. I’m basically stuck paying the banks now. I welcome some relief even if you and the GOP think I’m a freeloader.

Obviously doesn't understand how loans work.

[Texacon]

Obviously doesn't understand how loans work.

No kidding. We borrowed $125k to buy our house at 5.125% interest 20 years ago. So far we’ve paid $156k and still have 10 years to go …

I think that’s how it’s supposed to work.

KC

[SVPete]

My Prog Word Salad De-Pretzellator came up with nothing when I input that incoherent DU-Gotcha-Rant.

[Patriot Guard Rider]

My Prog Word Salad De-Pretzellator came up with nothing when I input that incoherent DU-Gotcha-Rant.

But you didn't use the super duper secret de-wordalizer.

You're lucky because I used my version and properly de-coded it.

It means, "I'm a DUmmie and got nothin so I threw together this word salad in a desperate attempt to look intelligent."

[landofconfusion80]

No kidding. We borrowed $125k to buy our house at 5.125% interest 20 years ago. So far we’ve paid $156k and still have 10 years to go …

I think that’s how it’s supposed to work.

KC

How about this? Refinanced our house last year from 4.5% /30 year down to 2.5% /15 year. That was pretty good. Between then and now, there has been 8% inflation which devalued the loan that much more.

[67 Rover]

No kidding. We borrowed $125k to buy our house at 5.125% interest 20 years ago. So far we’ve paid $156k and still have 10 years to go …

I think that’s how it’s supposed to work.

KC

You skipped the part on how you were tricked into buying a house with a mortgage.

[Texacon]

You skipped the part on how you were tricked into buying a house with a mortgage.

 

KC

[YupItsMe]

No kidding. We borrowed $125k to buy our house at 5.125% interest 20 years ago. So far we’ve paid $156k and still have 10 years to go …

I think that’s how it’s supposed to work.

KC

   I doubt Allycat even knows how to calculate actual net tax after rebate. My effective tax rate after refund (and I'm embarressed to admit) went from about 9% to about 6$. or 33%.Directed to any liberal:  Please tell me how many millionaires taxes were reduced by 33%.  I'll

[FlaGator]

Daily DUpipo proves P. T. Barnum really underestimated the birth rate of suckers.