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

Discussion in 'Economics' started by RedDuke, Nov 2, 2017.

  1. 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.
     
    #141     Dec 5, 2017
  2. sss12

    sss12

    wasn't the original point regarding stipends ? which are fixed regular sum paid as a salary or allowance. different animal than grants and loans.
     
    #142     Dec 5, 2017
  3. Sig

    Sig

    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.
     
    #143     Dec 5, 2017
  4. sss12

    sss12

    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.
     
    Last edited: Dec 5, 2017
    #144     Dec 5, 2017
  5. sss12

    sss12

    "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 !
     
    #145     Dec 5, 2017
  6. Sig

    Sig

    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.
     
    #146     Dec 5, 2017
  7. sss12

    sss12

    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.
     
    #147     Dec 5, 2017
  8. qxr1011

    qxr1011

    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...
     
    #148     Dec 5, 2017
    gkishot likes this.
  9. Correction, it's the House version that eliminates the deduction, not the Senate...
     
    #149     Dec 5, 2017
  10. Sig

    Sig

    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!
     
    #150     Dec 5, 2017