A History Of Taxes - Part 1: Difference between revisions
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Revision as of 21:57, 25 August 2026
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Debt forgiveness, you see, is treated as taxable income. Why? Within a nutshell, you have to be gives you money and you pay it back, it's taxable. This is the way have to fund taxes on wages off of a job. System of the reason that debt forgiveness is taxable is really because otherwise, might create an enormous loophole on the inside tax pin. In theory, your boss could "lend" serious cash every 2 weeks, also the end of the whole year they could forgive it and none of it would be taxable.
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