Trump Tax Reform - a total squeeze on middle class W2 workers

[Martinghoul]

How else wages are paid?
BTW, investors cheer tax reform. Why shouldn't I? Or these are just Trump supporters?

Investors are doing all sorts of things at the moment...

As history demonstrated, investors cheering certain phenomena is hardly a necessary or sufficient condition for these things to end well.

 

[sss12]

Because it's not income. They pay less tuition for school and for that they do certain tasks for the school such as being teaching assistants etc. They never receive any. Do your kids pay taxes on their Pell grants?

wasn't the original point regarding stipends ? which are fixed regular sum paid as a salary or allowance. different animal than grants and loans.

 

[Sig]

wasn't the original point regarding stipends ? which are fixed regular sum paid as a salary or allowance. different animal than grants and loans.

No, you aren't understanding what we're conveying. Schools give tuition waivers to grad students. As I specified in my example, this means that although the school's tuition is $40,000 a year, they may waive $35,000 of that for a student and only charge them $5,000. The Senate version of the tax bill now requires the student to pay taxes on $35,000 of "income" in this situation, which is money they never saw and is much more akin to a grant than a salary.

 

[sss12]

Definitely possible and I think everyone is holding out hope that about a dozen idiotic features of each bill washes out in conference. However it's pretty unlikely that anything in the Senate bill will be removed if it raises cost or reduces revenue at all, since they have to offset that somewhere else to stay under the parliamentary rule they're using to avoid filibusters. And to be honest, there just aren't any Republicans that give a fuck about this particular issue because their voters don't care and they care only about their voters. I'm putting my money more on the universities to all reduce their "tuition" to some nominal level and call what used to be called tuition something else so that they can waive it without triggering the income provision for students.

the last thing universities want to do is to reduce the level of the stated tuition. if they did they would lose all pricing incentive when it comes to luring the student they want. obviously they can always lower it through merit aid or any other vehicle to incent, you can't raise it to disincentivise.

 

[sss12]

No, you aren't understanding what we're conveying. Schools give tuition waivers to grad students. As I specified in my example, this means that although the school's tuition is $40,000 a year, they may waive $35,000 of that for a student and only charge them $5,000. The Senate version of the tax bill now requires the student to pay taxes on $35,000 of "income" in this situation, which is money they never saw and is much more akin to a grant than a salary.

"Here4money said:
It's worse, grad school stipends are taxed as income."

this is what I was responding to. yours is a different point. on the point you are referring to maybe athletic scholarships should be taxed. those guys probably have a better short term financial outlook than the grad student !

 

[Sig]

"Here4money said:
It's worse, grad school stipends are taxed as income."

this is what I was responding to. yours is a different point. on the point you are referring to maybe athletic scholarships should be taxed. those guys probably have a better short term financial outlook than the grad student !

Certainly in a deferred sense, but in all cases you're sticking an un-affordable tax bill to poorer students while they're in school. In all cases the end result is to make it less likely poorer students can attend college, which I just can't see as a good thing in any universe unless you're just flat anti-education.

 

[sss12]

Certainly in a deferred sense, but in all cases you're sticking an un-affordable tax bill to poorer students while they're in school. In all cases the end result is to make it less likely poorer students can attend college, which I just can't see as a good thing in any universe unless you're just flat anti-education.

Oh, I agree. And I don't know where the whole student loan interest deductibility issue stands but I think that is on the chopping block too.

 

[qxr1011]

Listen, here's how being a productive, useful, non-troll member of this forum works. If you want to participate in a conversation, then read the thread and add something to the conversation taking into account those previous posts, or bringing up something those posts missed. If you just want to jump into the middle of a conversation full bore, but clearly can't be bothered to read what's been said before, then just post a completely inane and information free post, well you're just destroying value at that point, not adding it. And you're hella obnoxious at that.

any one can participate in the manner one likes

what a commie ideology - adding value, destroying value it just a way to shut the people...

if one does not like the guy - block him, or do not read him

imho one should not just tell people what to do ...or they will tell the one where to go...

 

[Martinghoul]

No, you aren't understanding what we're conveying. Schools give tuition waivers to grad students. As I specified in my example, this means that although the school's tuition is $40,000 a year, they may waive $35,000 of that for a student and only charge them $5,000. The Senate version of the tax bill now requires the student to pay taxes on $35,000 of "income" in this situation, which is money they never saw and is much more akin to a grant than a salary.

Correction, it's the House version that eliminates the deduction, not the Senate...

 

[Sig]

any one can participate in the manner one likes

what a commie ideology - adding value, destroying value it just a way to shut the people...

if one does not like the guy - block him, or do not read him

imho one should not just tell people what to do ...or they will tell the one where to go...

Everyone should just post whatever rubbish they want and no-one should dare criticize them?

I could post a meaningless string of obscenities in response to your post. That would add nothing to the conversation, it would make the site less useful for all participants, and I would fully expect for you to tell me that I'm being a troll and destroying value and I should cease and desist. Do you disagree?

BTW, I'm not sure what makes my post communist, clearly that word doesn't mean what you think it does! I think the word you're looking for is authoritarian, or if you want to throw a political philosophy in there you could use fascist even though it doesn't exactly fit.

To use the word in a sentence for you, I think your assertion that no-one here can criticize another poster when they post rubbish is authoritarian, how 'bout that!