Tuition reduction is the key factor determining tax burden of graduate students under the Tax Cuts and Job Act.

ABSTRACT: Background: The proposed Tax Cuts and Jobs Act (H.R.1) has stirred significant public debate on the future of American economics.  While supporters of the plan have championed it as a necessity for economic revitalization, detractors have pointed out areas of serious concern, particularly for low- and middle-income Americans.  One particularly alarming facet of the plan is the radical change to education finance programs and taxation of students in higher education.  Methods:  By analyzing actual income and tuition of a public and a private university student, as well as the 'average' graduate student, we investigated the effect of both the House and Senate versions of H.R. 1 on taxation of students of various family structures.  Results:  Our findings indicate that ta

SUBMITTER: Lawston PM 

PROVIDER: S-EPMC5806054 | biostudies-literature | 2017

REPOSITORIES: biostudies-literature