Posted on 07/14/2023 11:05:47 AM PDT by Red Badger
This would be taxable as the debt relief is like income. Although the tax bill might not arrive until the next Republican administration.
Try telling that to the bidenites.
tentacles into a foundation
Book deals, foundations, and non-profits .... the ultimate in money laundering. La Cosa Nostra, the Cartels, and every other criminal organization could learn a lot and from the folks that write books that no one buys but are paid incredibly hefty advances and the folks that run non-profits, etc.
Not if you vote Democratic, you get a free pass on the taxes.
Maybe they will.
Buying more votes with ott tax money
He belongs in prison
Note the wording. Not 'progress towards repayment', which is the usual method, but 'progress towards forgiveness'.
Also, 'progress' and 'forgiveness' have a religious connotation. Progress towards God and forgiveness of sins. Here, the federal government will 'forgive your sins'. Perhaps that is reading too much into what the POTATUS said but the words he is told to say are generally carefully crafted by his handlers.
They are afraid of nothing now. They will do and say whatever they like because from now on they have nothing to fear at the ballot box.
The only thing that surprises me is that people are now shocked by Democrats' behavior.
Absolutely. I was very slow to recognize the money-laundering aspect of the “book deals” until just a few years ago.
While a lower court may issue a stay on this EO, the Supremes are on vacay until October. A lot can happen by then.
I saw a good idea above: take the money out of the undisbursed funds that would go to the IRS.
It seems the House doesn’t control a damn thing anymore, and after the Bruen decision,it also appears that ruling from the Supreme Court is more of a suggestion, than an actual ruling.
And report the amount of the debt forgiveness as taxable income in their tax return filings.
I think that the Supreme Court and the Congress will soon tell it to the bidenites!!!!
I would have thought a bunch of snowflakes who took out loans they should have never gotten to obtain a degree in 'female studies' or 'race relations' and then feel as if they shouldn't pay back the loan would be the Democrat's base.
Every employer should be asking every applicant if they tried to or did have any Student Loans forgiven, then when they say YES, Show them the door. Starbucks is Hiring
As Andrew Jackson said after losing a case in the Supreme Court, “John Marshall has made his decision now let him enforce it.”
Or as I think, Joseph Stalin said when the Vatican said he could not do something: “How many divisions does the Vatican have?”
The Biden Administration knows there is no penalty for them to defy the Supreme Court. Who is going to stop him? John Roberts?
Why is anyone shocked by this? They basically announced they’d do an end run around the Court the very day the decision came down.
**Crickets** from GOP, Inc.
I wish people would stop calling the regime the “Biden” regime, since Mr. Biden has little or nothing to do with it.
Anyway - the regime, or the resistance, or the revolution (whichever you prefer) regards the USSC as illegitimate and will soon pose the question “How many divisions does Roberts command?” - and the problem is that turning Biden into a punching bag accomplishes nothing - because he’s not in charge.
“They are afraid of nothing now”
The American people are so apathetic. They don’t seem to care about much of anything. I tried talking to people today about the border crisis / invasion. All I get is a glazed look.
What’s for lunch?
They can get away with just about anything now.
Until the Republicans wake up and start using the same tactics, we’re all screwed. Unconstitutional? Who cares! The Constitution is no longer valid. The left has brought us to this point.
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