Let’s Talk About It

By Dani Jones

Trump

A romantic gesture or another tax evasion scheme? Definitely another case of what they know and what we don’t know. Its genius though. Check this out.

Recently, former President Donald Trump laid his ex-wife, Ivan’s Trump, to rest at his golf course in Bedminster, NJ.

Under New Jersey’s tax code, cemetery companies are not only exempt from real estate taxes, rates, and assessments or personal property taxes, but also from business taxes, sales taxes, income taxes, and inheritance taxes. Trumps family has registered a funeral service in NJ and then made all of the arrangements to have his former wife buried at the first hole on the course as a memorial.

Not only is this adding the to the list of businesses for the generational wealth for the Trump family but it also allows them to get out of having to pay taxes in several categories. I don’t know about yall, but this is genius to me.

Student Debt Relief

Recently it was announced by the current president Joe Biden that he would be forgiving $20,000 worth of student loans for those that received Pell Grants and $10,000 worth for those who received regular financial aid and are making under $125,000 annually.

There has been a lot of opinions about this from America’s tax payers. For me personally, it’s not enough. Biden initially campaigned relieving up to $50,000 worth of student loan debts but this amount is not even half. I feel like we’ve been bamboozled and lied too!

Some people are complaining that this is too much and unfair to those who have paid off their student loan debts. To those that still have debt, this is a great thing to help out their debt-to-credit ratio. That debt-to-credit ratio is what holds a lot of middle-class Americans back from being able to live the American dream that has been promised to us all. Not to mention all the interest that has been accruing on these loans. The relief doesn’t even cover that.

The problem is, this would erase an estimated $300 billion in student. That runs the risk for colleges to increase their tuition rates for future generations to come because now colleges don’t have to worry about borrower being able to make their payments. Not to mention, for those stuck in the middle class due to credit score ratings, having some of the debt relieved will boost their credit scores. I am pretty sure it the upper-class citizens that will mostly have a problem with this because based on America’s history, it wants people to stay in their place. Also, lest I forget, you will only qualify if you have taken out a federal student loan in the past. Sorry to all the private borrowers.

Dani@KhepeRaAlyce.com www.KhepeRaAlyce.com

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