Low-Income College Students Are Being Taxed Like Trust-Fund Babies

Re:Low-Income College Students Are Being Taxed Like Trust-Fu... by 4NDR10D on Friday May 17, 2019 @06:41PM (#19944310)

This doesn't only effect undergrads, this is also horrible for graduate students. I'm going to be directly effected by this tax this year if the law doesn't change. It will tax my fellowship stipend (used for living expenses such as rent, food, and transportation) equivilant to an ESTATE.

It's basically like saying that grad students are not "earning" this income and thus they don't deserve to be taxed on it as if it was a wage.

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Re:Low-Income College Students Are Being Taxed Like Trust-Fu... by awinder on Friday May 17, 2019 @07:26PM (#19944537)

But not quite like an estate since you have to have an estate larger than $11.4M before any taxes will be applied to it. That raised limit was also part of the tax bill; you’re just offsetting the cost.

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Re:Low-Income College Students Are Being Taxed Like Trust-Fu... by 6gvONxR4sf7o on Friday May 17, 2019 @07:25PM (#19944533)

In this case the problem seems to be the university trying not to treat the grad student as an employee.

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