Clarence Thomas never repaid a millionaire friend’s $267,000 loan which the Supreme Court justice used to buy a 40-foot luxury motorcoach, Senate investigators announced Wednesday.
Healthcare magnate Anthony Welters told the Senate Finance Committee he forgave the RV loan after five years of receiving payments on the interest but not the principal, the report states.
“Now we know that Justice Thomas had up to $267,230 in debt forgiven and never reported it on his ethics forms,” Senate Finance Committee Chair Ron Wyden, (D-OR) said in a statement.
Wyden called on Thomas to specify exactly how much of the debt he paid and whether the loan was reported on tax returns.
you should get a better job - that's really not that much money.
I hope you’re joking.
Even if you made $300k a year (which is 5 times the national average), you probably wouldn’t have $267k left after a year of housing, utilities, living expenses, taxes, transportation, healthcare, etc. Cost of living in the US is terrible.
Taxes on $300k in a year would make it impossible. Would probably have to make $400k in a year to have a chance with expenses and living frugally or 2-3 years @ $300k/year.
Do you work in IT? Maybe you should look at the median income of your country to have a more realistic idea of what is a lot.
A quarter million dollars, yeah okay buddy