San Francisco man wants to declare bankruptcy after discovering he owes $80,000 in taxes.
The Ramsey Show disagrees Joshua and his wife thought they were doing reasonably well until a surprise tax bill completely upended their finances
Now, the couple is staring down a massive $130,000 debt load. That includes $80,000 owed to the IRS and another $50,000 spread across various credit cards. Must Read “It seems like such an insurmountable number,” Joshua admitted during a recent call (1) to The Ramsey Show.
On paper, their income looks solid. The couple brings home roughly $7,400 a month. Joshua earns a steady $4,400, while his wife pulls in about $3,000 from a seasonal Airbnb cleaning business.