15 styx wrote:Ramius wrote:Also doesn't account for the tax bomb.
Tax bomb? Plz explain.
If at the end of your 20 years paying under the PAYE program you have debt left, it's forgiven, but you have to pay the tax on whatever is forgiven as if that's an asset/capital gain/whatever - I don't know, I didn't take tax. (Only up to the limit of your solvency, I think?).