Replies

I don’t think anybody on the Dem side is particularly worried about legal wrangling.
Right now the goal is to get that 10 grand credited to the accounts before Nov 8, 2022.

3 posted on 08/30/2022 4:26:05 PM PDT by nascarnation (Let's Go Brandon!)

To: nascarnation

Apparently they have already started doling it out.

10 posted on 08/30/2022 4:59:08 PM PDT by vivenne (")

To: nascarnation

Yep. Deposit before 8 November. Loan forgiveness is usually taxable so they will owe $2,000 on that $10,000 on April 15th. Neat trick: they get the deposit, owe taxes on it, a federal judge declares the whole thing unconstitutional so they must repay the money. If they already spent it they are now $10,000 worse off than before!

Oh, yes. I did mention taxes. The IRS will assess taxes on the money and not rescind the assessment just because the whole mess was not kosher. So now they are really $12,000 worse off than before.

Did I mention state taxes as well?

16 posted on 08/30/2022 5:17:08 PM PDT by 17th Miss Regt

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