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The GOP tax bill could be a disaster for PhD students
- wbraun 9y agoThis analysis has been circulating various mailing lists at MIT: https://drive.google.com/file/d/1e3oIk8AO9F_UL98z5cieKha1V5e9azzB/view https://drive.google.com/file/d/1e3oIk8AO9F_UL98z5cieKha1V5e... As a summary, a RA at berkeley would experience a ~60% increase in federal taxes while a RA at MIT would experience a ~240% increase in federal taxes. In addition to that it bumps up any additional income you try to earn to a high marginal tax rate. I can't believe they found a way to make doing a phd even more financially unattractive. It seems that this will either have a significantly adverse impact on STEM phd programs or the colleges will just figure out some different way to structure the tuition waivers.
- davidfarmer 9y agoPrevious discussions: GOP tax bill would tax tuition waivers for grad students (chronicle.com) https://news.ycombinator.com/item?id=15622544 https://news.ycombinator.com/item?id=15622544 (122 comments) The GOP Tax Plan Will Destroy Graduate Education (forbes.com) https://news.ycombinator.com/item?id=15646571 https://news.ycombinator.com/item?id=15646571 (97 comments)