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View Diary: MA-Sen: Gomez Tax Deduction Beginning to Erode His "Media Darling" Status (64 comments)

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  •  I don't see this as a problem unless he was in (1+ / 0-)
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    default or something on the loan, or filed paperwork stating that he was making far less than what was reflected upon his tax return (and wouldn't that tax return have to be one of those documents used when getting the loan)?  I would think that there are loans available for people with the purpose of education that aren't needs based, so it's just getting a loan with a government regulated interest rate.  Sure it might be a lower rate than he'd pay if he just used a credit card or another type of unsecured loan, but it's probably a rate comparable to a second mortgage given where mortgage rates have been for a few years.

    $50-100K on a student loan is a lot of money but I'd expect he's legit on it, even if he's taking advantage of a program that wouldn't be expected by those who set up the original loan program expecting it to be lower income people who would use it.  Then again, he's a Republican and he's apparently mis-filed his taxes taking the credit it doesn't appear he was eligible for so he might be shady on this as well.  He should be thoroughly investigated prior to the election rather than waiting until afterwards.

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