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I really have no idea what the system should look like. I am surprised that the tuition waivers aren’t already taxable. If you owe somebody money, and they forg
by maxlybbert 9y ago
I really have no idea what the system should look like. I am surprised that the tuition waivers aren’t already taxable. If you owe somebody money, and they forgive the debt, the amount forgiven is considered a taxable benefit. That’s especially true if the “somebody” you owed the money to was the IRS.
I’m not saying all current grad students are tax cheats. I’m saying that I’m surprised the law is set up how it is, since in other cases, whenever the IRS sees a dollar value, it tries to collect a tax.
- throwawayjava 9y agoBecause that's the way the law is written. The law was written that way because at one point, we, as a society, decided that we value accessible education and thought that this was a good way to provide that access.