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All scholarships are taxable, but recipients can deduct

Posted on: November 16, 2017 at 12:28:50 CT

SparkyStalcup MU

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M.O.B. Votes:

tuition and things like books from those scholarships before reporting it as income.

Please explain why this message is being reported.

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MESSAGE THREAD

Spanky's representations are unreliable - Knucklehead MU - 11/16 12:05:56

And yet you don’t think that’s bad policy - Spanky KU - 11/16 12:13:44

If I was getting 20Kto 50K in free tuition - tman KC - 11/16 12:35:24

How are you going to afford to pay $10k in taxes? - Badird MU - 11/16 12:47:56

Gee it is called work. I did it will in gradschool - tman KC - 11/16 12:55:22

I had a job as well. I worked throughout all of my schooling - Badird MU - 11/16 12:59:49

Were you paying a tuition bill? - tman KC - 11/16 13:01:36

I paid some tuition. I worked part time of the University. - Badird MU - 11/16 13:10:31

It is income, so are unrealized capital gains - Knucklehead MU - 11/16 12:19:49

Unrealized capital gains are not income until you sell the - Spanky KU - 11/16 12:22:09

They are economic income - Knucklehead MU - 11/16 12:24:01

They are economic income but not yet recognized as income - SparkyStalcup MU - 11/16 12:27:19

Matching problem - similar problem re: tuition assistance - Knucklehead MU - 11/16 12:33:59

RE: Matching problem - similar problem re: tuition assistance - ummmm MU - 11/16 12:43:04

No it doesnt. It is current income. The can decline the - tman KC - 11/16 12:38:52

Tuition is a business expense for the student - Knucklehead MU - 11/16 13:00:12

So what. Same as if the cashed in Stock to pay the bill - tman KC - 11/16 13:03:06

The nuances of organized theft. (nm) - ummmm MU - 11/16 12:32:45

Just like your 401K gains are not taxable income(nm) - tman KC - 11/16 12:30:50

Should we tax football players who receive free tuition? - Badird MU - 11/16 12:15:46

yes - Spanky KU - 11/16 12:20:22

All scholarships are taxable, but recipients can deduct - SparkyStalcup MU - 11/16 12:28:50

Because taxation is theft - ummmm MU - 11/16 12:26:39

RE: yes - Badird MU - 11/16 12:20:57

Eliminate the loopholes and taxes will go down - Spanky KU - 11/16 12:29:26

I dont disagree, just odd hearing you toe the party line - Badird MU - 11/16 12:32:40

What party line? I think the problem is with spending - Spanky KU - 11/16 12:36:16

I agree with all of that except the flat tax. - Badird MU - 11/16 12:37:37

The most equitable tax plan is a flat tax or a national - Spanky KU - 11/16 12:38:57

I dont disagree, but Ive been on both sides of the spectrum - Badird MU - 11/16 12:45:27

What you are discounting is that help/aide - tman KC - 11/16 12:52:53

as well as kids who get academic money - catbirdseat MU

- 11/16 12:18:15

Yes(nm) - tman KC - 11/16 12:19:02

Yes, and the schools can provide a stipend to cover it - tman KC - 11/16 12:17:40

More taxes, eh? JGCW? nm - Badird MU - 11/16 12:20:41

Under the plan yes(nm) - tman KC - 11/16 12:31:41

Spanky's pretty reliable for half the story. - Toger STL - 11/16 12:08:04

Better than libs that give just the made up headline(nm) - tman KC - 11/16 12:18:34