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Pittsburgh Sets Vote on Adding Tax on Tuition

18 hours ago ago from Amherst Times

  David Gau, a senior at the University of Pittsburgh, said a proposed tuition tax on students was “the furthest thing from fair.” If you have a child in college you already know firsthand how expensive that is.  How about being asked to pay an additional 1% to cover the budget gap in the city your child is going to college in?  The mayor of Pittsburgh calls it the “Fair Share Tax.” But to officials at the city’s 10 colleges and ...

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A First-in-the-Nation Tax on College Tuition

18 hours ago ago from Roni Deutch: The Tax Lady Blog

Tuition fee increases are fairly common on college campuses lately, despite the uproar they usually provoke from students. However, the city of Pittsburgh is considering a different way to increase revenue from college tuition. They are hoping to impose a 1% local tax on tuition, which would make Pittsburgh the first place in the country to ever tax college tuition fees. This announcement has frightened students, and taxpayers across the ...

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8 Tax Strategies to Consider Before 2010

8 hours ago ago from Martin Rogen

Photo: Mike Fillion With only two weeks left in 2009, you might think that it’s time to throw in the towel on your 2009 taxes. Not so fast! This is the prime time of year to implement some smart tax deduction strategies. With minimal effort, you can still have a huge impact on your 2009 tax return by decreasing your realized income. If any of these strategies appeal to you, speak with a tax adviser, pronto. Strategy #1: Fund ...

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Weighing the Value of That College Diploma (The Wall Street Journal)

10 hours ago ago from Financial Aid News

"As millions of students labor over college applications this month, they and their parents are pondering just how big a tuition bill they want to pay," The Wall Street Journal reports. "Students are increasingly skeptical about the value of a college degree; the proportion who are willing to borrow money for college if necessary has fallen to 53% from 67% in the past year, based on a survey of 800 college students by Sallie Mae, Reston, Va."

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How Much Is A College Degree Worth? (Wall Street Journal)

13 hours ago ago from Help The Middle Class

As millions of students labor over college applications this month, they and their parents are pondering just how big a tuition bill they want to pay. Students are increasingly skeptical about the value of a college degree; the proportion who are willing to borrow money for college if necessary has fallen to 53% from 67% in the past year, based on a survey of 800 college students by Sallie Mae, Reston, Va. Parents are thinking ...

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Australia Tightens Tax Rules on Private Equity

22 hours ago ago from Wall Street Journal

BY RACHEL PANNETT CANBERRA Australian tax authorities on Wednesday ruled that profits from the sale of assets by private-equity firms can in some cases be classified as taxable income, a move industry participants said could reduce foreign investment in the country. Australian tax officials say they are simply reinforcing a longstanding tax principle. Tax experts said the move amounts to a tighter enforcement stance. Asset sale proceeds ...

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