What makes this the most retarded is that the plan is to tax something that doesn't exactly exist. It'd be like trying to apply sales tax in the MSRP, and not o

What makes this the most retarded is that the plan is to tax something that doesn't exactly exist. It'd be like trying to apply sales tax in the MSRP, and not on the actual money changing hands. Which might be ok, except the MSRP is a myth, and is actually used as a price anchor more and more. My suspicion is that this will cause universities to start charging different amounts for different degrees, or, when that may be illegal (state schools?), they'll lower tuitions across the board and find ways to tack on fees for students who wouldn't otherwise recieve waivers. Either way it's a really bad precedent, it's bad enough that I can claim someone owes me money, then send the IRS a form saying I've forgiven said loan. Now you've got to convince the IRS that the loan never took place.