Why is increasing taxes for the rich in order to reduce interest rates for student loans seen as a bad thing? Wouldn’t it allow more low-income borrowers to rise above the poverty line faster?

But then we called that annoying thing a reality. That answered this question, "What does it do to me?"

Indeed, these 'wealthy people' can choose not to simply raise taxes (there are more cars that can not be calculated personally), the impact of this 'law' will be completely gone.

From the other side of the same reality do you truly believe that you are really "rich" at the top of society (economical and metaphorical) causing competition for themselves?

If they have enough tools to succeed, those poor students (from low-income families and disadvantaged environments) will all succeed, so they are now dominated by the same "rich" It will invade the area you are in. No, "rich people" are unlikely to welcome this / shape / form

Once these poor students succeed, they understand that the best way to earn money is your boss and that someone is working for you (making money) - this is an existing (Historically, the poverty line), this will go directly to their bottom line when striking "rich" from another angle (pun)

Yes, no, the rich will say everything they want, they will donate countless money to keep several distant geographical monkeys, they will hold a charity event - but they There are people below the poverty line (who do not really mention), people who have money

How do you know "rich" - the lender does not have a student loan? Please think about that. Yes. waiting

So, do you suggest that they actually pay for less money from the borrowers? truly? can not believe. I am very suspicious

This is a good idea - to help those who really need help (common sense, logical solution) - but that conflicts with the reality of things. "Rich" never donates to Congressional members without any problems. Clearly, wealthy people have their own money and become wealthy not to share it with anyone - the way this is built up

The interest deduction of the student loan allows the borrower to reduce the taxable income up to $ 2,500 to offset the interest payment of the student loan. As an "on-line" deduction, taxpayers can apply for benefits without deducting for each item and anyone who can pay interest on student loans can provide it. Since interest payments can only be deducted, the interest deduction of student loans is most valuable to borrowers with higher loan balances to pay higher interest. However, as debt accepts student loans to pay for higher education more debts often show higher level education. In other words, more education will lead to higher income.

Interest deduction for student loans The House of Representatives proposed to abolish this tax benefit, but ultimately the law does not include the abolition of tax benefits. With interest deductions on student loans, taxpayers can reduce their revenue up to $ 2,500 with online deductions that do not need to be listed by item. If the adjusted revenue after revision reaches $ 65,000 (married applicant applies for $ 135,000), the deduction will begin to be abolished and taxpayers will be able to obtain adjusted revenue after adjustment of more than $ 80,000 It will be impossible (joint claimant is 165,000). Dollar)

After years of tax reform negotiations and a few actions, the Republican-led parliament fully reviewed the tax law at the end of 2017, regulations that could change the substantial tax rate and affect all US taxpayers in 2018 Was implemented.

The UK imposes a global income tax on people receiving financing for UK students. These are not actual loans, but are borrowed money that is repayable through an additional 9% income tax. This will exceed a certain revenue threshold until the loan balance expires in 30 years. Because the interest rate is expressed as a punitive supplement to the UK's inflation rate of the retail price index (eg RPI + 3%), the value of the loan can not be exaggerated. Even declaring bankruptcy can not invalidate the loan. Regardless of whether citizenship or residence is imposed on income taxes, British HMRC means that for decades the location and income of all loan holders must be tracked.