Saturday 25 November 2017

House GOP tax plan especially painful for teachers

When making something more "simple" also makes it more costly:

Any full-time instructor at a public or private K-12 school is currently eligible for the $250 deduction. It’s an “above-the-line” deduction, meaning teachers don’t have to itemize to claim it. It’s listed on the part of the tax form alongside deductions for moving expenses, student loan interest and Health Savings Accounts. The House GOP bill does away with those popular deductions as well.

Richardson worries about other ways the legislation may affect education. The Senate bill scraps all state and local tax deductions. Most schools in the United States get their funding from property taxes. Atlanta’s public schools already had to make budget cuts this year after a property tax freeze. School funding could become even more contentious, especially in high-tax cities, if the GOP tax bills are enacted.

In a perfect world, negotiations between the Senate and the House would get rid of the bad parts of each, lessening the sting for teachers and others. But we don't live there. A closer look at some of the things this particular teacher has had to purchase out-of-pocket provides a glimpse of a much deeper problem:


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