minus-squareKokanee08@sh.itjust.workstoMemes@lemmy.ml•the rich are givenlinkfedilinkarrow-up9·1 year agoThe idea is that you were “given” that money when you got the loan and you weren’t taxed on the value of the loan when it was provided to yoy, so you can’t deduct it when you pay it back. linkfedilink
minus-squareKokanee08@sh.itjust.workstoMemes@lemmy.ml•I don't get itlinkfedilinkarrow-up3·1 year agoThis one lost a bit of impact when it gave me a 30s unskippable ad linkfedilink
The idea is that you were “given” that money when you got the loan and you weren’t taxed on the value of the loan when it was provided to yoy, so you can’t deduct it when you pay it back.