Pay Attention Now or Pay Later
BY: Frater Bovious
(WASHINGTON, DC) – I haven’t read the tax proposal – I’ve read the headlines talking about making tuition wavers taxable as income. This sounds outrageous, right? Let’s look at it a moment, and then see why they might be making such a suggestion.
- Students are helped with their college tuition with grants, scholarships, tuition waivers, tuition reimbursements and tuition remission.
- How are these various products funded?
- It seems that grants and scholarships are in fact monies given to students – and I guess funded by wealthy people and corporations – This I suppose is technically income.
- Tuition reimbursements also seems like monies given to students, but, it is reimbursing money they already paid. It hardly seems correct to call that income, though technically, it was money that came in, so…
- Tuition remission seems to be a variation of reimbursement. See above.
- Tuition waivers appears to simply be a reduction in what a student has to pay.
It is simply a lie to call a tuition waiver income, and thereby taxable. We should not accept these lies from our elected officials.
N.b. The government does not make any money. All the money it spends it gets from you and it gets from me. There is no other source of income that matters. When people talk about reducing taxes, that can only be done with a concomitant reduction in expenses. This is only possible one of two ways:
- A reduction in Government Expenditure
- Smoke and Mirrors
Meaning there is really only one way that this country can actually reduce taxes (Governmental Income), there has to be a reduction in Government Services (outgo).
All the rest is literally robbing Peter to pay Paul – that is the smoke and mirrors part. Take from tuition waivers in order to offset the loss of Government Income caused by reducing some other tax. There is no other way.
When are we going to get sick of being lied to, and hold our elected officials accountable? Rhetorical question. The answer appears to be “Never.” We are already bankrupt as a country, and hiding our heads in the sand.
Meanwhile, if you are unhappy with the idea of taxing tuition reimbursement whatever it’s form, there is something you can do. Call and/or write your elected officials. They actually do pay attention if they think enough voters are actually motivated to vote.
Here is how: Contact Your Elected Official
Tell them you are pissed off. Tell them you vote. Tell them you are smart enough to find out how to contact them, so you are smart enough to find out how they voted in this and other issues. (Because, you can find out.)
Tell them you are beginning to believe it is time to vote everyone out and start over. Remind them that the 2018 elections are less than a year away.
Random Thought: If someone isn’t working for you, should you be paying them?