Hello There, Guest! (LoginRegister)

Post Reply 
GOP Tax Plan Bad For Graduate Students?
Author Message
WalkThePlank Offline
Heisman
*

Posts: 5,129
Joined: Jul 2006
Reputation: 425
I Root For: ECU
Location: Raleigh
Post: #21
RE: GOP Tax Plan Bad For Graduate Students?
(11-08-2017 11:44 AM)JDTulane Wrote:  
(11-08-2017 11:36 AM)WalkThePlank Wrote:  Everyone should pay their fair share. Doesn't matter your financial situation.

What an obtuse and short sighted view on this entire situation. This would cripple the American graduate research system. Brain drain to the nth degree. This isn't some $70k salary 23 year olds are escaping paying taxes on. It's a tuition waiver. The students still get taxed on their financial earnings (avg $30k).

How is it obtuse? If you're going to grad school then you should be making your money back in short time, otherwise you are throwing away money to stay in school in a dying industry.

I thought those on the left wanted these future 1%ers to pay their fair share? Why should tax payers subsidize where one goes to college?
(This post was last modified: 11-08-2017 12:33 PM by WalkThePlank.)
11-08-2017 12:32 PM
Visit this user's website Find all posts by this user Quote this message in a reply
UofMstateU Online
Legend
*

Posts: 39,206
Joined: Dec 2009
Reputation: 3574
I Root For: Memphis
Location:
Post: #22
RE: GOP Tax Plan Bad For Graduate Students?
I did the work for you. They will pay about $8800 total in federal taxes.

The rest could be state taxes, because they live in a state that is tax heavy on earners.

I've got bad new for them. If they havent taken into consideration Obamacare, they are likely to find they will be paying even more money.

Thanks Obama!
11-08-2017 12:40 PM
Find all posts by this user Quote this message in a reply
ECUGrad07 Offline
Hall of Famer
*

Posts: 12,249
Joined: Feb 2011
Reputation: 1276
I Root For: ECU
Location: Lafayette, LA
Post: #23
RE: GOP Tax Plan Bad For Graduate Students?
Poor snowflakes and their stipends.

I worked a full-time job AND a part-time job during Grad School. So your stipend is going from $29K to $22K? I'm going to cry myself to sleep tonight out of pity.
11-08-2017 12:42 PM
Find all posts by this user Quote this message in a reply
JDTulane Offline
Sazeracs and Retirement
*

Posts: 11,787
Joined: Nov 2010
Reputation: 424
I Root For: Peace
Location:
Post: #24
RE: GOP Tax Plan Bad For Graduate Students?
(11-08-2017 12:40 PM)UofMstateU Wrote:  I did the work for you. They will pay about $8800 total in federal taxes.

The rest could be state taxes, because they live in a state that is tax heavy on earners.

I've got bad new for them. If they havent taken into consideration Obamacare, they are likely to find they will be paying even more money.

Thanks Obama!

Most universities subsidize or provide their own healthcare plans. My university matches half of the costs which makes it readily affordable.
11-08-2017 12:47 PM
Find all posts by this user Quote this message in a reply
umbluegray Online
Legend
*

Posts: 42,184
Joined: Nov 2003
Reputation: 2027
I Root For: The Tigers!
Location: Memphis
Post: #25
RE: GOP Tax Plan Bad For Graduate Students?
(11-08-2017 11:54 AM)JDTulane Wrote:  
(11-08-2017 11:48 AM)UofMstateU Wrote:  Pay your fair share!

Good grief, how simple is it. Most of us got through life paying our fair share. When I was receiving stipends, I paid taxes on them. $76K a year is not the damned poor house. Pay the f*&k up!

It's not a $76k a year stipend. It's a tuition waiver and a stipend of on avg. $29k.

So this graduate student is living off of less than $30k a year but now expected to pay taxes on a $70k+ "salary" that's non existant. Not. That. *******. Hard. To. Grasp.

If I receive property or other benefit I'm expected by law to report that as income on my return.

Why should you get a benefit that I don't? (Assuming leftists want everyone to be equal.)
11-08-2017 12:47 PM
Find all posts by this user Quote this message in a reply
JDTulane Offline
Sazeracs and Retirement
*

Posts: 11,787
Joined: Nov 2010
Reputation: 424
I Root For: Peace
Location:
Post: #26
RE: GOP Tax Plan Bad For Graduate Students?
(11-08-2017 12:42 PM)ECUGrad07 Wrote:  Poor snowflakes and their stipends.

I worked a full-time job AND a part-time job during Grad School. So your stipend is going from $29K to $22K? I'm going to cry myself to sleep tonight out of pity.

So you were doing what... 50-60 hours a week of work for finances, plus course work (lets be generous and set this to only 10 hours a week), plus 30-40 hours of full time research, plus any TAship or teaching (lets say... 10 hours of work a week).


Glad that's the life quality you expect in someone trying to cure cancer or develop new pharmotherapeutics or bioengineering the latest amputee limb replacement.
11-08-2017 12:50 PM
Find all posts by this user Quote this message in a reply
JDTulane Offline
Sazeracs and Retirement
*

Posts: 11,787
Joined: Nov 2010
Reputation: 424
I Root For: Peace
Location:
Post: #27
RE: GOP Tax Plan Bad For Graduate Students?
(11-08-2017 12:32 PM)WalkThePlank Wrote:  
(11-08-2017 11:44 AM)JDTulane Wrote:  
(11-08-2017 11:36 AM)WalkThePlank Wrote:  Everyone should pay their fair share. Doesn't matter your financial situation.

What an obtuse and short sighted view on this entire situation. This would cripple the American graduate research system. Brain drain to the nth degree. This isn't some $70k salary 23 year olds are escaping paying taxes on. It's a tuition waiver. The students still get taxed on their financial earnings (avg $30k).

How is it obtuse? If you're going to grad school then you should be making your money back in short time, otherwise you are throwing away money to stay in school in a dying industry.

I thought those on the left wanted these future 1%ers to pay their fair share? Why should tax payers subsidize where one goes to college?


If you think anyone with a PhD is on the fast track to being a 1% than you are already clueless.
11-08-2017 12:51 PM
Find all posts by this user Quote this message in a reply
DaSaintFan Offline
Dum' Sutherner in Midwest!
*

Posts: 15,873
Joined: Mar 2010
Reputation: 411
I Root For: Southern Miss
Location: Stuck in St. Louis
Post: #28
RE: GOP Tax Plan Bad For Graduate Students?
(11-08-2017 12:32 PM)WalkThePlank Wrote:  
(11-08-2017 11:44 AM)JDTulane Wrote:  
(11-08-2017 11:36 AM)WalkThePlank Wrote:  Everyone should pay their fair share. Doesn't matter your financial situation.

What an obtuse and short sighted view on this entire situation. This would cripple the American graduate research system. Brain drain to the nth degree. This isn't some $70k salary 23 year olds are escaping paying taxes on. It's a tuition waiver. The students still get taxed on their financial earnings (avg $30k).

How is it obtuse? If you're going to grad school then you should be making your money back in short time, otherwise you are throwing away money to stay in school in a dying industry.

I thought those on the left wanted these future 1%ers to pay their fair share? Why should tax payers subsidize where one goes to college?

I'm with Walk on this... you don't want to hit the job market and pay taxes on that money? So you stay in school, because you were able to get away without paying taxes on your earnings and make the average American taxpayer pay it for you? Uhm.. nope, no problem with that loophole closing in the slightest.

In fact, bluegray NAILED it..

Quote:If I receive property or other benefit I'm expected by law to report that as income on my return.
.

That's the whole argument in a nutshell..
11-08-2017 12:51 PM
Visit this user's website Find all posts by this user Quote this message in a reply
umbluegray Online
Legend
*

Posts: 42,184
Joined: Nov 2003
Reputation: 2027
I Root For: The Tigers!
Location: Memphis
Post: #29
RE: GOP Tax Plan Bad For Graduate Students?
(11-08-2017 12:50 PM)JDTulane Wrote:  
(11-08-2017 12:42 PM)ECUGrad07 Wrote:  Poor snowflakes and their stipends.

I worked a full-time job AND a part-time job during Grad School. So your stipend is going from $29K to $22K? I'm going to cry myself to sleep tonight out of pity.

So you were doing what... 50-60 hours a week of work for finances, plus course work (lets be generous and set this to only 10 hours a week), plus 30-40 hours of full time research, plus any TAship or teaching (lets say... 10 hours of work a week).


Glad that's the life quality you expect in someone trying to cure cancer or develop new pharmotherapeutics or bioengineering the latest amputee limb replacement.

Ahh, because some people are better than others?
11-08-2017 12:52 PM
Find all posts by this user Quote this message in a reply
Bull_Is_Back Offline
Heisman
*

Posts: 6,047
Joined: Oct 2016
Reputation: 541
I Root For: Buffalo
Location:
Post: #30
RE: GOP Tax Plan Bad For Graduate Students?
(11-08-2017 12:52 PM)umbluegray Wrote:  
(11-08-2017 12:50 PM)JDTulane Wrote:  
(11-08-2017 12:42 PM)ECUGrad07 Wrote:  Poor snowflakes and their stipends.

I worked a full-time job AND a part-time job during Grad School. So your stipend is going from $29K to $22K? I'm going to cry myself to sleep tonight out of pity.

So you were doing what... 50-60 hours a week of work for finances, plus course work (lets be generous and set this to only 10 hours a week), plus 30-40 hours of full time research, plus any TAship or teaching (lets say... 10 hours of work a week).


Glad that's the life quality you expect in someone trying to cure cancer or develop new pharmotherapeutics or bioengineering the latest amputee limb replacement.

Ahh, because some people are better than others?

Clearly... He has moral currency... No ability to keep his word or anything, but he is cleaning beakers and placing samples under scopes while his *professor* is curing cancer. Oh he also grades papers and teachers undergrads.
11-08-2017 12:55 PM
Find all posts by this user Quote this message in a reply
solohawks Online
Hall of Famer
*

Posts: 20,806
Joined: May 2008
Reputation: 810
I Root For: UNCW
Location: Wilmington, NC
Post: #31
RE: GOP Tax Plan Bad For Graduate Students?
They can take out a student loan like I did to go back to grad school.

I don't see the problem in closing this loophole. Why should the 40k benefit the article subjectis receiving from her employer not be taxed?
11-08-2017 12:58 PM
Find all posts by this user Quote this message in a reply
umbluegray Online
Legend
*

Posts: 42,184
Joined: Nov 2003
Reputation: 2027
I Root For: The Tigers!
Location: Memphis
Post: #32
RE: GOP Tax Plan Bad For Graduate Students?
(11-08-2017 12:58 PM)solohawks Wrote:  They can take out a student loan like I did to go back to grad school.

I don't see the problem in closing this loophole. Why should the 40k benefit the article subjectis receiving from her employer not be taxed?

I had to work during college. Fortunately I found a job that provided tuition reimbursement.

I paid the first semester tuition out of pocket. Once the semester was completed I submitted my grades for reimbursement. They had to meet or exceed a certain GPA in order to qualify.

Once I received the reimbursement check I used that to pay the next semester's tution.

So....

I had to work AND maintain my grades.


How did I ever manage?
11-08-2017 01:05 PM
Find all posts by this user Quote this message in a reply
UofMstateU Online
Legend
*

Posts: 39,206
Joined: Dec 2009
Reputation: 3574
I Root For: Memphis
Location:
Post: #33
RE: GOP Tax Plan Bad For Graduate Students?
Just wait until they see how much they will be paying for their free Obamacare now. There's a big difference between $30K and $70K when it comes to getting bent over.
11-08-2017 01:09 PM
Find all posts by this user Quote this message in a reply
TigerBlue4Ever Online
Unapologetic A-hole
*

Posts: 72,619
Joined: Feb 2008
Reputation: 5781
I Root For: yo mama
Location: is everything
Post: #34
RE: GOP Tax Plan Bad For Graduate Students?
About time we got those universities gorging themselves at the trough that is we the taxpayers off the gubmint teat.
11-08-2017 01:49 PM
Find all posts by this user Quote this message in a reply
UTSAMarineVet09 Offline
Corporal of the Board.
*

Posts: 16,360
Joined: Oct 2011
Reputation: 1271
I Root For: UTSA
Location: West Michigan
Post: #35
RE: GOP Tax Plan Bad For Graduate Students?
(11-08-2017 11:50 AM)Bull_Is_Back Wrote:  Yea but how does it effect people who welsh on bets?

thats a rather great question!
11-08-2017 01:51 PM
Find all posts by this user Quote this message in a reply
ark30inf Offline
Hall of Famer
*

Posts: 11,639
Joined: Oct 2007
Reputation: 588
I Root For: Arkansas State
Location:
Post: #36
GOP Tax Plan Bad For Graduate Students?
This is the dumb shite Republicans do that get them unelected.

My daughter is a grad student. She eats Ramen every night. She works long hours. She has about $5 in her bank account. It will be IMPOSSIBLE for her to pay it because it is not actually income.

She has no account with Appleby to hide her real income overseas.





Sent from my SAMSUNG-SM-G870A using Tapatalk
11-08-2017 01:53 PM
Find all posts by this user Quote this message in a reply
UofMstateU Online
Legend
*

Posts: 39,206
Joined: Dec 2009
Reputation: 3574
I Root For: Memphis
Location:
Post: #37
RE: GOP Tax Plan Bad For Graduate Students?
(11-08-2017 01:53 PM)ark30inf Wrote:  This is the dumb shite Republicans do that get them unelected.

My daughter is a grad student. She eats Ramen every night. She works long hours. She has about $5 in her bank account. It will be IMPOSSIBLE for her to pay it because it is not actually income.

She has no account with Appleby to hide her real income overseas.





Sent from my SAMSUNG-SM-G870A using Tapatalk

How much does she make, and how much is her tuition being covered by?
11-08-2017 02:13 PM
Find all posts by this user Quote this message in a reply
solohawks Online
Hall of Famer
*

Posts: 20,806
Joined: May 2008
Reputation: 810
I Root For: UNCW
Location: Wilmington, NC
Post: #38
RE: GOP Tax Plan Bad For Graduate Students?
Here's a crazy thought too. Maybe cut tuition to a reasonable figure
11-08-2017 02:15 PM
Find all posts by this user Quote this message in a reply
Bull_Is_Back Offline
Heisman
*

Posts: 6,047
Joined: Oct 2016
Reputation: 541
I Root For: Buffalo
Location:
Post: #39
RE: GOP Tax Plan Bad For Graduate Students?
(11-08-2017 02:15 PM)solohawks Wrote:  Here's a crazy thought too. Maybe cut tuition to a reasonable figure

Thank you....

[Image: college-tuition.png]
11-08-2017 02:17 PM
Find all posts by this user Quote this message in a reply
Lord Stanley Offline
L'Étoile du Nord
*

Posts: 19,103
Joined: Feb 2005
Reputation: 994
I Root For: NIU
Location: Cold. So cold......
Post: #40
RE: GOP Tax Plan Bad For Graduate Students?
(11-08-2017 02:15 PM)solohawks Wrote:  Here's a crazy thought too. Maybe cut tuition to a reasonable figure

Here's a crazy thought three. Allow the tuition waivers for some Ph.D but not others.

*You want a PhD in biochemical organic engineering? Waiver!

*You want a PhD in the critical feminist theory about the patriarchal biochemical organic engineering industry and it's impact on sex workers in Bangladesh? Then:

[Image: 1400127270-0.jpg]
11-08-2017 02:20 PM
Find all posts by this user Quote this message in a reply
Post Reply 




User(s) browsing this thread: 1 Guest(s)


Copyright © 2002-2024 Collegiate Sports Nation Bulletin Board System (CSNbbs), All Rights Reserved.
CSNbbs is an independent fan site and is in no way affiliated to the NCAA or any of the schools and conferences it represents.
This site monetizes links. FTC Disclosure.
We allow third-party companies to serve ads and/or collect certain anonymous information when you visit our web site. These companies may use non-personally identifiable information (e.g., click stream information, browser type, time and date, subject of advertisements clicked or scrolled over) during your visits to this and other Web sites in order to provide advertisements about goods and services likely to be of greater interest to you. These companies typically use a cookie or third party web beacon to collect this information. To learn more about this behavioral advertising practice or to opt-out of this type of advertising, you can visit http://www.networkadvertising.org.
Powered By MyBB, © 2002-2024 MyBB Group.