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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe GOP tax plan would blow a hole in American science
By Julia Belluz at Vox
https://www.vox.com/science-and-health/2017/12/11/16752016/gop-tax-plan-tuition-waiver
"SNIP..........
To understand why, lets step back a bit. The scientific enterprise in America heavily relies on grad students. They do mostly invisible work in thousands of labs and research institutions across the US, on everything from basic research about human cells to clinical research on how to cure cancer. Their contributions are essential to running studies.
In exchange for that labor during their training, the federal government gives them a break on their taxes.
Very simply, grad students get their tuition and other school fees waived while theyre teaching or researching. When tax season rolls around, theyre exempted from having to pay taxes on that money (which never hits their pockets).
But under the House version of the tax bill, these waivers would become taxable income. This means that MIT graduate students would be responsible for paying taxes on an $80,000 annual salary, when we actually earn $33,000 a year, explained one MIT grad student, Erin Rousseau, in an op-ed in the New York Times. Thats an increase of our tax burden by at least $10,000 annually.
............SNIP"
NCjack
(10,279 posts)their thesis projects out of USA. Thanks GOP.
applegrove
(118,696 posts)away from the middle class and poor who they hate? I mean this is the information economy age. Do the GOP want the no information economy?
Wounded Bear
(58,670 posts)Just sayin'
jmowreader
(50,560 posts)America was "great," in the GOP's eyes, when only the rich could afford graduate-level education. By engineering the tax code so only the children of the rich can afford to pursue master's and doctorate degrees, they'll go far in "making America great again."