http://www.espn.com/college-sports/s...g-new-tax-plan
I don't think it will prevent many people from donating but in a down season in athletics it could hurt.
This ain't a liberal or conservative thing either before you yahoos go there.
http://www.espn.com/college-sports/s...g-new-tax-plan
I don't think it will prevent many people from donating but in a down season in athletics it could hurt.
This ain't a liberal or conservative thing either before you yahoos go there.
The place where the house bill will harm the University the most is what it will do to Graduate/Doctoral students. It makes it so that the tuition waivers that the students receive in exchange for doing graduate research and teaching classes counts as taxable income. This means that while they might be getting paid (ballpark numbers) $20k/yr plus free tuition, they will now be getting taxed like they're earning $40k/yr while still only receiving $20k in income. This will crush the graduate programs of higher tuition private schools and will ruin the chance of going to grad school without taking on six figures in debt for lower income students.
https://www.nytimes.com/2017/11/16/o...-students.html
https://www.cnbc.com/2017/11/16/hous...0-percent.html
https://www.npr.org/2017/11/14/56387...ssive-tax-hike
Seriously guys, it's a University killer.
I have never claimed my contribution to the bulldog club. I just figure it's part of the ticket price.
Yeah, there is no way I could have afforded to pay taxes on my GA. Tuition, Room, Meal Plan and a small stipend for 2 years was more than my first salary when I finished grad school (warning to parents - History degrees don't pay off instantly).
I don't think Tax Reform will get done anyway. It will blow up in the Senate just like Healthcare.
why should i pay for some people to have nice seats at a sporting event? Also why should i pay for parks, libraries, and sanctuary services for east and west coast states? The school will figure out a way to find the money as will the liberal states.....if they really need to find something to spend it on.
I'm a hard core right winger, but these RINOs are proving to everyone that they live in a bubble and have zero clue of the big picture. They are further killing the middle class and adding to the deficit.
You're still sending the same amount to the university. You just can't claim it on your taxes anymore. So, you're actually paying more taxes for parks, libraries, and sanctuary services in Mississippi (red states get the highest return on tax dollars sent to D.C., yet hate D.C. and taxes. Figur d you need to know that since you incorrectly claim that liberal states are getting the tax dollars. Its the exact opposite).
No one tell him that those dagum liberals in other states subsidize a ton of Mississippi's programs. Seriously, Mississippi relies on the federal government more than nearly almost every other state. For every dollar that Mississippi sends to the federal government, the fed sends back 3. Without those park-needing and library-needing east and west coast states, Mississippi would still be in the stone age.
https://snag.gy/QgGOzt.jpg
Source: https://www.theatlantic.com/business...takers/361668/
Look at the states below the 1 dollar mark and those over it. Can we say DEFICIT
I was actually really shocked to see that too. That's unbelievable. There's something really up with South Carolina. That's a problem.
Also Florida is a big problem too. I know I'm calling out Mississippi for getting a 3:1 ratio in dollars from the fed, but the MS economy is small. Florida's is massive. So in absolute dollars, we're talking truckloads of cash used to subsidize Florida. If I had to guess, maybe it's because of all of the old people and Medicare?
Good point too. I'm not sure precisely how those dollars are calculated in this chart. For just the generally poor southern states, I think it's just about the poverty rate requiring a lot of food stamps and welfare programs. From the article:
"Another part of the explanation is easier to discern. The reddest states on that map at the top—Mississippi, Alabama, Louisiana, New Mexico, Maine—have exceptionally high poverty rates and thus receive disproportionately large shares of federal dollars. Through a variety of social programs, the federal government disburses hundreds of billions of dollars each year to maintain a “safety net” intended to help the neediest among us. Consider, for example, the percentage of each state’s residents who get “food stamps” through the federal government’s SNAP program. This chart tells the story."
If they double the standard deduction, lower the tax rates, this will likely be a wash for a grad assistant/student. Has anyone truly done the math? The net difference is big for all.
Yeah SC is horrendous that?s a serious drain. I?m with you on Florida don?t understand how they are so out of whack with all the $ there. You may be right on the Medicare deal there. My business deals almost exclusively with seniors and we market Florida heavily. Interesting stuff. It?s out of my wheelhouse but gonna research it just out of curiosity.
No.
Scholarships are actually funded - usually through an endowment of some kind. The dividend off that endowment actually pays the university for the recipient of the scholarship. GA's are providing a service to the university in lieu of a salary. Typically, those GA positions are not endowed although in some cases they are.
To me, the scarier thing is that if this passes, the next step is to start classifying scholarships as income that will be subject to taxes.
The biggest issue with Medicaid/care is the government is paying $35 each for damn Tylenol. The 17ing overhead on the shit is outrageous. If you get hurt without insurance then you basically hope they don't let you die in the parking lot after they get you "stabilized". Afterwards you then probably have to file bankruptcy because the bill could be $100,000.
SS is screwed from the fact that you work your entire life and then draw $250. It is the biggest damn Ponzi scheme in the world.
I wouldn't mind the government treating teacher salaries for government funded schools as tax free. It might create an advantage to get better teachers in the profession. Too many well qualified teachers don't do it because the pay is so low. My sister in law knows a great teacher that just loves kids, she probably doesn't even make minimum wage after the money she spends on kids who don't have anything. We have politicians spending money like it doesn't matter while teachers are taking their pay and buying toilet paper and pencils for their kids. There is a huge problem with how the United States politicians treat our country as a whole. I don't care what side of the isle you are on, it is all screwed up. Politicians have great healthcare and pay for life. That wasn't what the founding fathers dreamed when they created the Constitution.
Certainly this is true. But there are those that bust their ass and do incredibly well and get "full ride" scholarships. And then they (or their parents) get a rude awakening come tax time and realize a good chunk of that scholarship, the part that pays for room and board and other expenses, is actually taxable. And then the final kick in the nuts is when the IRS classifies that income as "unearned income" because it didn't come from a job and forces the child to pay taxes at the tax rate of the parent. Fun stuff.
Try explaining to your kid that their scholarship is "unearned income". LOL.
1) Term Limits
2) End lifetime pension and healthcare
3) Campaign finance reform
4) End PACS
5) Limit the length of campaigning to 3 months prior to elections
6) Move elections to weekends & expand early voting and simplify voter registration
6 things that would make major headway in improving government at all levels.
I must have clicked on the wrong article. The one I got was how would donations to booster clubs and the like be affected if donations were not tax deductible. Same token, how many luxury boxes would be taken if not tax deductible? The way its set up now, you get the donation less the cost of the benefit you receive in the way of priority.
The problem with public education is that most of the money goes to administration instead of teaching... for every dollar spent on education in Mississippi, less than 25 cents actually goes to the classroom... for example, I have a brother in law that is a principal at an elementary school that has approximately 600 students....makes about $80K, he has his own office, 2 assistant principals, 3 secretaries, a grant writer, a program administrator, a counselor, 8 custodians, speech therapist,school nurse, plus several other admins that I'm not sure what their title is....that is not even counting the staff at the district office. His school also has a on-site workout facility complete with showers and lockers for the staff (not students). He also attends two or three conferences a year at resort locations that are paid for by the district, not to mention the annual summer trip to the Beau Rivage and a few trips to the Jackson Hilton all paid for including mileage. .. He will be able to retire at age 49 with 25 years of service . I'm 50 pay a ton of taxes and can't retire until I'm 67 without getting hit by more taxes and penalties.....and get hit up regularly for money for the school, because they don't have supplies..
This isn't including the Superintendent/District Office Staff which I'm not even going to get into what all they have.