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50% of my income goes to student loans

0% tax deductible. Ljl at this shit existence
Turquoise Excitant Abode
  03/02/15
I can understand capping the total amount of the deduction f...
Trip charcoal step-uncle's house sex offender
  03/02/15
from the gov'ts perspective it's giving away money without g...
Titillating coral organic girlfriend
  03/02/15
thanks einstein. the same goes for any tax deduction.
Very Tactful Stimulating Voyeur Piazza
  03/02/15
I might understand capping, but not for direct loans. The in...
Impertinent appetizing ticket booth goyim
  03/02/15
Update - I did a little research. Apparently Rangel introduc...
Trip charcoal step-uncle's house sex offender
  03/03/15
If fucking boomers can deduct 100% of interest paid on their...
Mustard Razzmatazz Mexican Jewess
  03/02/15
...
Turquoise Excitant Abode
  03/02/15
just do PAYE
Pink seedy trust fund circlehead
  03/02/15
Have pre 2007 loans. Also, worried that PAYE is going to bl...
Turquoise Excitant Abode
  03/02/15
damn. It will almost assuredly eventually be changed to ...
Pink seedy trust fund circlehead
  03/02/15
you can always continue to pay your 50% amount, but it would...
plum laser beams
  03/02/15
http://www.xoxohth.com/thread.php?thread_id=2822606&mc=6...
cracking quadroon mental disorder
  03/05/15
Just have your parents pay off your student loans, bro.
Saffron stubborn home
  03/02/15
just do walk to the bank with Ann and liquidate some America...
exhilarant useless ratface idiot
  03/02/15
It was worth it. You can't put a price on an elite education
Flushed Ceo French Chef
  03/02/15
why? PAYE caps it at 10%
mahogany exciting police squad
  03/02/15
*a flock of shitboomers reads this; bashes you for not savin...
Citrine affirmative action
  03/02/15
Please do not make the tax code more complex and give higher...
Onyx marvelous stain menage
  03/02/15
I'm in biglaw, how much cash should I save before aggresivel...
Supple azn
  03/03/15
I wouldn't feel confortable with less than a 9-12 month cush...
bull headed lime theatre
  03/05/15


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Reply Favorite

Date: March 2nd, 2015 10:52 AM
Author: Turquoise Excitant Abode

0% tax deductible. Ljl at this shit existence

(http://www.autoadmit.com/thread.php?thread_id=2820808&forum_id=2#27415926)



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Date: March 2nd, 2015 11:48 AM
Author: Trip charcoal step-uncle's house sex offender

I can understand capping the total amount of the deduction for everyone, but I've never been able to understand the rationale for wiping out the deduction for folks above a certain AGI. It would be awesome if a few heavy hitting politicians took up this issue. I feel like there wouldn't be much, if any, public backlash against the idea of removing the AGI cap.

(http://www.autoadmit.com/thread.php?thread_id=2820808&forum_id=2#27416221)



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Date: March 2nd, 2015 11:50 AM
Author: Titillating coral organic girlfriend

from the gov'ts perspective it's giving away money without getting anything in return.

(http://www.autoadmit.com/thread.php?thread_id=2820808&forum_id=2#27416229)



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Date: March 2nd, 2015 10:29 PM
Author: Very Tactful Stimulating Voyeur Piazza

thanks einstein. the same goes for any tax deduction.

(http://www.autoadmit.com/thread.php?thread_id=2820808&forum_id=2#27419958)



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Date: March 2nd, 2015 10:36 PM
Author: Impertinent appetizing ticket booth goyim

I might understand capping, but not for direct loans. The interest you pay is going to the federal government. How it's okay to deduct my random charitable donations, and my state/local taxes, and my boomer parents' mortgage payments (which are going to a damn bank) but not after-tax interest paid directly to the federal government, is beyond.

Also, the cap is absurdly low (I could maybe get behind it in theory, but isn't it like $2500?), and the AGI cap is insanely low for people with professional degrees.

(http://www.autoadmit.com/thread.php?thread_id=2820808&forum_id=2#27419997)



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Date: March 3rd, 2015 4:34 PM
Author: Trip charcoal step-uncle's house sex offender

Update - I did a little research. Apparently Rangel introduced a bill in 2013 that would have doubled the deduction (up to $5k) and eliminated the AGI phase out. I am going to donate to his next campaign.

http://rangel.house.gov/press-release/rangel-introduces-student-loan-interest-deduction-act

It looks like it's stuck in the ways and means committee:

https://www.congress.gov/bill/113th-congress/house-bill/1527/actions



(http://www.autoadmit.com/thread.php?thread_id=2820808&forum_id=2#27423538)



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Date: March 2nd, 2015 8:24 PM
Author: Mustard Razzmatazz Mexican Jewess

If fucking boomers can deduct 100% of interest paid on their SECOND HOUSE mortgage, why the FUCK can't we deduct every penny of interest paid on our student loans?

Fucking BOOMERS!

(http://www.autoadmit.com/thread.php?thread_id=2820808&forum_id=2#27419105)



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Date: March 2nd, 2015 11:00 AM
Author: Turquoise Excitant Abode



(http://www.autoadmit.com/thread.php?thread_id=2820808&forum_id=2#27415948)



Reply Favorite

Date: March 2nd, 2015 11:02 AM
Author: Pink seedy trust fund circlehead

just do PAYE

(http://www.autoadmit.com/thread.php?thread_id=2820808&forum_id=2#27415961)



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Date: March 2nd, 2015 11:04 AM
Author: Turquoise Excitant Abode

Have pre 2007 loans. Also, worried that PAYE is going to blow up in the next year or two.

(http://www.autoadmit.com/thread.php?thread_id=2820808&forum_id=2#27415972)



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Date: March 2nd, 2015 11:05 AM
Author: Pink seedy trust fund circlehead

damn.

It will almost assuredly eventually be changed to be less generous, but people on the program already should be fine.

(http://www.autoadmit.com/thread.php?thread_id=2820808&forum_id=2#27415981)



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Date: March 2nd, 2015 11:49 AM
Author: plum laser beams

you can always continue to pay your 50% amount, but it would be smart to sign up for an income based plan as a safety net.

(http://www.autoadmit.com/thread.php?thread_id=2820808&forum_id=2#27416226)



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Date: March 5th, 2015 12:57 AM
Author: cracking quadroon mental disorder

http://www.xoxohth.com/thread.php?thread_id=2822606&mc=6&forum_id=2

(http://www.autoadmit.com/thread.php?thread_id=2820808&forum_id=2#27432270)



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Date: March 2nd, 2015 11:03 AM
Author: Saffron stubborn home

Just have your parents pay off your student loans, bro.

(http://www.autoadmit.com/thread.php?thread_id=2820808&forum_id=2#27415968)



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Date: March 2nd, 2015 11:09 AM
Author: exhilarant useless ratface idiot

just do walk to the bank with Ann and liquidate some American Motors stocks your dad gave you

(http://www.autoadmit.com/thread.php?thread_id=2820808&forum_id=2#27416005)



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Date: March 2nd, 2015 11:12 AM
Author: Flushed Ceo French Chef

It was worth it. You can't put a price on an elite education

(http://www.autoadmit.com/thread.php?thread_id=2820808&forum_id=2#27416018)



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Date: March 2nd, 2015 8:29 PM
Author: mahogany exciting police squad

why? PAYE caps it at 10%

(http://www.autoadmit.com/thread.php?thread_id=2820808&forum_id=2#27419132)



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Date: March 2nd, 2015 10:32 PM
Author: Citrine affirmative action

*a flock of shitboomers reads this; bashes you for not saving enough for your retirement as another shipment of medicare viagra arrives*

(http://www.autoadmit.com/thread.php?thread_id=2820808&forum_id=2#27419973)



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Date: March 2nd, 2015 10:40 PM
Author: Onyx marvelous stain menage

Please do not make the tax code more complex and give higher education an additional subsidy.

(http://www.autoadmit.com/thread.php?thread_id=2820808&forum_id=2#27420018)



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Date: March 3rd, 2015 5:23 PM
Author: Supple azn

I'm in biglaw, how much cash should I save before aggresively paying down 150K loan? 25K?

(http://www.autoadmit.com/thread.php?thread_id=2820808&forum_id=2#27423732)



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Date: March 5th, 2015 12:55 AM
Author: bull headed lime theatre

I wouldn't feel confortable with less than a 9-12 month cushion (as in 9-12 months of non-discretionary expenses).

(http://www.autoadmit.com/thread.php?thread_id=2820808&forum_id=2#27432263)