Teacher with $303,000 in student debt...

[bluebooger]

I'll be in favor of loan forgiveness if the person agrees to be IRS audited every year starting from two years before they applied for aid and continuing until 2032

you fail an audit, you get no forgiveness

[ss20ts]

I'll be in favor of loan forgiveness if the person agrees to be IRS audited every year starting from two years before they applied for aid and continuing until 2032

you fail an audit, you get no forgiveness

An audit for what? The IRS hasn't even finished processing 2020 tax forms. They don't have time to audit.

[davewill]

I'll be in favor of loan forgiveness if the person agrees to be IRS audited every year starting from two years before they applied for aid and continuing until 2032

you fail an audit, you get no forgiveness

An audit for what? The IRS hasn't even finished processing 2020 tax forms. They don't have time to audit.

And what exactly are a bunch of people who are likely just plain old employees supposed to be audited for, anyway?

[freeloader]

I'll be in favor of loan forgiveness if the person agrees to be IRS audited every year starting from two years before they applied for aid and continuing until 2032

you fail an audit, you get no forgiveness

The IRS doesn’t have enough employees to audit all the rich people and companies who fail to report and file billions of dollars every year in taxes. They don’t have enough employees to collect all the delinquent taxes that have been filed/assessed. 

So, they should use their limited resources to hassle people making $30k, $40k, $50k per year and let people and business that are failing to PAY that much each year get off scot free?  To me, that seems profoundly stupid.