Word: taxed
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...smarter allocations will only alleviate half of the problem. The total federal pie for financial aid should also increase. Investing in the future of young people is among the most productive uses of capital. College graduates are less likely to be unemployed and greatly contribute to national tax revenue. A larger pool of college-educated citizens not only benefits the nation by promoting higher future growth, but it also enriches society and culture...
...kept up with rising prices—$12 billion dollars is needed to restore the purchasing power of Pell Grants to its level in the 1970s. This is a lot of money, but it constitutes only a fraction of the dividends and capital gains component of the Bush tax...
...members of the College Dems were equally aggressive in their rhetoric as they brought posters with slogans such as “Worst President Ever” and “Iraq: $87 billion. Tax cut: $3 trillion. Getting Bush out of office: Priceless...
...when Congress first equalized the federal income tax to remove the “single’s tax,” the personal exemption (then $600) was equal to 41 percent of average per capita income. Incomes and taxes have rapidly inflated since then, but the exemption has not kept pace and is now only about 10 percent of average per capita income. While the Earned Income Tax Credit has made up some of the slack, a much greater tax burden is borne by home educating families than should be. The personal exemption should be returned to its original...
Where government schools are supported by property taxes or similar measures, home educators’ expenses should be counted against their tax obligation on a one-to-one basis, up to the level of per pupil spending in local government schools...