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I don't think there should be any taxes, if anything more grants. You are correct, there is no price you can put on a college education.
However tuition does have a price, a defined dollar amount does it not? Is a grant not often funded on the backs of other taxpayers, especially those which are federal grants?
Is this another example of the "taxes for thee, not for me" mantra of liberal elitists?
The most pathetic thing to me is they are actually asking for it. Demanding it.
Begging for benefit cuts so that that the wealthy can enjoy a few points shaved off their top end marginal tax rates.
In a day and age when the wealthy are better off than ever before, when the gap between rich and poor is the greatest it's ever been.
Obviously in your blind partisan rage you fail to notice that the children of wealthy who receive college tuition as a paid "gift" from their parents would be included in such a tax. They would be treated exactly the SAME as the kid who has to work his/her way through college or those who receive grants and scholarships regardless of their wealth status.
then why isn't college tuition given by grants, scholarship, or parents (above the gift tax level), taxed as "income" to the student? Can a real dollar value not be placed on it?
The reason why grants arent taxed is because education expenses are usually tax deductible.. So you dont pay taxes on the money regardless if its earned, or granted to you.
Is anyone who gets a W-2 salary rich ?
Because the truly rich do not have W-2 salaries. Their wealth is hedged and will not be the least affected if tax rates went to 100% of your salary.
They dont get it.. i've tried explaining it over, and over, and over.. its almost like they think everyone in the country working receives a paycheck....
The reason why grants arent taxed is because education expenses are usually tax deductible.. So you dont pay taxes on the money regardless if its earned, or granted to you.
My argument was based on the mantra for taxing the rich and eliminating tax "loopholes" as are always espoused by the liberals on this forum. I wanted to see if they were consistent in their convictions.......
The reason why grants arent taxed is because education expenses are usually tax deductible.. So you dont pay taxes on the money regardless if its earned, or granted to you.
But wouldn't you have to itemize to get the deduction though? I don't think many college kids itemize their taxes, and many are still claimed on their parents' returns. So, the kid who works but doesn't (or can't) itemize will pay taxes right?
But wouldn't you have to itemize to get the deduction though? I don't think many college kids itemize their taxes, and many are still claimed on their parents' returns. So, the kid who works but doesn't (or can't) itemize will pay taxes right?
the itemizing would be done by the parents. Students dont itemize because they generally dont earn enough to pay taxes to begin with..
the itemizing would be done by the parents. Students dont itemize because they generally dont earn enough to pay taxes to begin with..
That's what I figured too. So, the kid who isn't claimed by his/her parents as a dependent would be taxed depending on their income level, right? At what level of income do people generally start to pay tax assuming no itemization and just standard deductions?
My argument was based on the mantra for taxing the rich and eliminating tax "loopholes" as are always espoused by the liberals on this forum. I wanted to see if they were consistent in their convictions.......
The only thing consistant you will get from them is their consistant hate for those who disagree with them. This thread is a great example of that..
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