The GOP tax bill could be a disaster for PhD students
vox.com
vox.com
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.
GOP tax bill would tax tuition waivers for grad students (chronicle.com)
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 (97 comments)