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re: Asking to see a bill from a family member
Posted on 9/8/12 at 7:46 pm to TheOcean
Posted on 9/8/12 at 7:46 pm to TheOcean
quote:
Relative works at the law school so the tuition is covered by the school (18k/semester). They tack it on to the overall income and the taxes are increased.
eta: Yeah, you're right. I'll just suck it up and pay it even if I don't find out. ~2k a semester instead of ~18k isn't too shabby.
I'd be questioning it as well. The only way you know what you owe them is when they file taxes. They'd have to calculate their tax liabilities with and without your tuition addition. At least that's the way I see it. Then you would pay the difference.
Just a gut feeling: You're not getting screwed. 4k/36k = 11.1%,
ETA: For the record, I'm an engineer and not a tax expert, so I have no idea if what I said is exactly correct. It's just the way I see it. And I have no idea whether my off-the-cuff calculation really reveals anything other than my gut feeling.
This post was edited on 9/8/12 at 7:48 pm
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