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reestuart

Joined: 01/13/1999 Posts: 87622
Likes: 14295


Yeah, but if you make them pay their tuition, they won't be paying taxes


on that. You can't tax someone on income they won't actually realize. That's not income. It's a condition of employment. That's like telling a person that works for you that you will pay them $1000/rent, but they have to rent their desk from you for $1000 and pay the taxes on that. No way they'd be paying taxes on the tuition in that case unless they can take the money and opt out of school. It's basically why they don't pay taxes on it now.

***I'm not a CPA, so I'm sure it's more complicated than I'm putting it, but this should be correct in the end.
[Post edited by reestuart at 06/23/2021 09:31AM]

(In response to this post by HOO86)

Posted: 06/23/2021 at 09:31AM



+0

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Current Thread:
  Agree agree ** -- MrFantastic! 06/22/2021 6:23PM
  Certainly. Professional athletes pay taxes. -- HOO86 06/21/2021 10:44PM
  Perhaps this is a needed correction -- Colonel Jessup 06/21/2021 7:26PM

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