Re:Apply for student loan debt forgiveness
by ssphl on Friday October 14, 2022 @10:10PM
(#33210961)
That is a pretty big assertion to make: that on average, most of the tax collection over the entire US is paid by non-college graduates.
[ Parent
| on HN ]
I guess I will do the napkin math:
39% of Americans graduated college [2]
Income of mid-career is 111,000 (college) vs 43,000 (HS) [2]
Lifetime increase in earnings is estimated 800,000, paying taxes the whole time.
So I think the commenter calling this a one time tax deduction is closer to reality than a "regressive tax". Probably less regressive than the 401Ks many college grads have vs HS.
[1] https://money.com/wage-gap-college-high-school-grads/ [2] https://www.cbsnews.com/news/how-many-of-us-are-college-grad...
Re:Apply for student loan debt forgiveness
by someotherpersom on Friday October 14, 2022 @10:23PM
(#33211062)
That’s not the assertion they made. They’re average person paying tax didn’t graduate college, which is different from saying that most of the tax revenue is collected from non-college graduates.