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]If you want a phd, you can pay for your phd.[/b] But yes the GOP tax plan is awful, just not for this reason.
Since apparently you have no idea what you are talking about let me try to explain to you how graduate programs in sciences and engineering work. You WORK while in grad school as a TA or RA while simultaneously writing your dissertation. TAs provide invaluable service to the university, almost every undergraduate has to take some math, physics, lab, etc., and get compensation in return. The salary has obviously always been taxable, but "tuition waivers" exempt. In latter years of graduate school, there is no coursework actually.
Just curious how everyone feels about this one: the GOP's new tax plan will end nontaxable tuition waivers for graduate students who work as TAs or research assistants. In case you aren't aware, the vast majority of PhD students in science, engineering, mathematics, and the rest of the STEM fields get their tuition paid for by grants and receive a very modest stipend of anywhere from $20-35k per year. By ending this waiver, it means a hypothetical PhD student in engineering earning $25k will be have to pay a tax bill of 25% on ~$75k (tuition+stipend), meaning they'd pay over $18k in taxes while only having take home income every year of $25k.
If everyone is supposed to be studying 'non-worthless' majors in STEM, how are we supposed to be competing with other countries like China in high-tech fields and weapons development programs which require inordinate amounts of science, engineering, and technology if all we are going to do is make people who are trying to study those fields homeless because of taxes?
Student loans, scholarships etc. Why should the pay for graduate assistants be non taxable when others get jobs outside of school and pay on their income?
Just curious how everyone feels about this one: the GOP's new tax plan will end nontaxable tuition waivers for graduate students who work as TAs or research assistants. In case you aren't aware, the vast majority of PhD students in science, engineering, mathematics, and the rest of the STEM fields get their tuition paid for by grants and receive a very modest stipend of anywhere from $20-35k per year. By ending this waiver, it means a hypothetical PhD student in engineering earning $25k will be have to pay a tax bill of 25% on ~$75k (tuition+stipend), meaning they'd pay over $18k in taxes while only having take home income every year of $25k.
If everyone is supposed to be studying 'non-worthless' majors in STEM, how are we supposed to be competing with other countries like China in high-tech fields and weapons development programs which require inordinate amounts of science, engineering, and technology if all we are going to do is make people who are trying to study those fields homeless because of taxes?
And that's why colleges support Democrats, they want their tax payer funded carve out that the rest of us, yes even people who can't afford college pay for.
No, not really. Not any possible way you try and spin it.
Why not? Part of their pay goes to pay the tuition etc. When I got a graduate degree I was working and my income was taxable even the portion of my income that went to pay my tuition.
Last edited by Eeyore1954; 11-08-2017 at 09:44 AM..
if is income.. if I give a college money on your behalf, thats money that first went to you, and then to the college to pay your costs.. it is income to you.. no difference than inheritance right?
LOL which ironically, the GOP is aiming to make inheritance tax free.
LOL which ironically, the GOP is aiming to make inheritance tax free.
Its the left who argues that inheritance is income.. i'm mixed on it, because I understand both sides of the argument, but if its income for those who get $15 million then its also income for those who get $15K..
If we valued education the millennial generation wouldn't be drowning in student loan debt. As usual, you know not of what you speak.
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