I ignored (didn’t pay) my student loan for years - many years. This was back in the old days (20 years ago) before the government was so efficient at collecting their (your) money.
Nothing much happened.
OK, so one day years later, they found my bank account and froze it. Cost me a few hundred dollars. I’ll survive.
And then, they started taking my income tax return money. Damn! That hurt.
But life goes on… life is good. All is well!
But then one day, years later. Big Brother (your Uncle Sam) returns!
I had learned not to keep too much money in the bank (didn’t have much anyway). And I learned not to expect any money back from income taxes. I was OK with that.
But I was totally unprepared for what Big Brother did next. He blind-sided me.
One day I go to cash my paycheck, and I noticed “Hey, my check is mighty small this week” What happened?
I look closely at my pay stub. The number of hours are correct… the rate is correct. Hey, what’s this
‘Wage Attachment. 10% of the gross.’
10% OF THE GROSS, not net. 10% of the freakin’ gross! Damn!10% of the gross taken off the top.
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