Whiny Graduate Students Will Have to Pay Taxes
We have heard that Graduate Students don’t pay taxes, but now under Trump’s new plan they will have to, but have we been told the whole story? We look into this.
The House of Representatives recently passed the Tax Cuts and Jobs Act. The tax plan will slash taxes for normal, working people and cut the corporate tax rate.
House Speaker Paul Ryan summarized the plan as “the single biggest thing we can do to help middle-income families in America.”
It is certainly true that the average family will have to pay less taxes, and cutting the corporate tax rate will help keep jobs in America. These are objectively good things.
One group of people are not happy: liberals in academia.
The tax bill repealed many loopholes that allowed liberal elites to evade taxes. One such loophole, Section 117(d)(5) of the current tax code, which allows tuition waivers provided by colleges and universities to be tax-free.
This will disrupt the comfy and easy lifestyle that comes with dwelling the halls and safe spaces of Marxist institutions.
If one includes the waiver many graduate students receive on top of their earnings from the institutions, they earn more money than the average working American.
It is not fair that these so-called “intellectuals” can live a comfy tax-free lifestyle for reading books on feminism while hard-working Americans are drowning in debt paying for the welfare programs provided to others.
These people tend to be the ones who claim taxes should be increased and everyone else should have to pay for expensive programs, but they do not want to bear any of the burden? Why should the rest of America be enslaved to taxation while liberal elites in the ivory towers can live an easy life in their safe spaces?
This is the real world, liberals. It is time for you to pay up as well. The working-class is done bearing the whole burden.