About that #GOP tax plan ... Originally shared by Ethan Siegel "Despite earning $23,000/year, you'd pay taxes on $40,520 or $57,914 at a public University, and despite earning $32,500, you'd pay taxes on $81,440 at a private University. For this last figure, this would result in a higher tax rate than anyone else in the nation pays. These numbers represent increases in taxes of $2,628, $6,193, and $10,650, respectively, on these hypothetical graduate students." The way that graduate school works for most of the 3 million Americans currently enrolled is that they work as either a teaching or research assistant, get a tuition waiver, and support themselves with a small stipend. Earn $23,000/year, and you pay taxes on $23,000/year. It's not a lot of money, but it's fair. The tuition waiver, on the other hand, is money that the University pays directly to itself; it's money that you never see. At some Universities, the tuition waiver is valued at up to $50,00...
