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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhen I worked for a private school I learned that the parents got a tax deduction for the expense
that pisses me off. While you the property tax payer for schools do not always get that tax deduction because you cannot claim it unless you have enough deductions to do the alternative schedule A. You the middle class pay property tax for schools and may not be able to use schedule A. At lease this was the situation years ago and I am sure the benefit has not changed for the well off financially.
There needs to be research done on the many write offs that have gone into law for the powerful and wealthy and what rep processed these deductions and name the rep (they also probably benefited from the situation), Also why in the **ell do they get a write off for putting their children into private schools? If they can't afford the private schools then live like the middle class and shut up! I am sick and tired of the wealthy whining about needing tax relief when have the finest medical care, homes, cars, etc. No wonder Trump loves the lower classes because they are easier to screw over due to lack of education and knowledge of how emotion is being used instead of critical thinking in this "owning the libs". It is not a game as people are having a hard time meeting the bills. The French had a solution in the 1700's and it may eventually come to that. After the 2nd world war a father could provide a home, car, education and retirement now 2 people must work to meet basic bills. In the 50,s unions were strong and the wealthy killed them. The wealthy whine about government but that is the only thing that keeps them from running the average worker into the ground financially or killing them due to lack of safety at work. I am sick of their whine about tax relief and think they should just shut up!
MustLoveBeagles
(16,698 posts)Wifes husband
(734 posts)Diamond_Dog
(40,718 posts)NoRethugFriends
(3,757 posts)JT45242
(4,056 posts)The district I worked in was small enough geographically that it was not required to provide transportation to public school students without disabilities.
BUT -- if a kid went to a private school, even if it was across the metro area (places ike St Xavier, Cincinnati Country Day, Summit Country Day in Cincinnati that recruit all over the metropolitan area) -- the school district had two choices share the cost of the bus with a neighboring district and run a route from our two high schools to the private school or reimburse the parents for mileage costs.
Tens or hundreds of dollars to subsidize rich parents, the Catholic church, or some other religious organization affiliated with the private school. We also had to use our tax dollars to pay for the text books used in the private school fo students from our drawing area even if it was much more expensive than the book we were using.
bamagal62
(4,513 posts)You get a tax deduction for private school???
If so, people that live in Manhattan with 3 kids in private schools wouldnt move to the suburbs to go to highly rated public schools. But, maybe it depends on the state?? I could be wrong.
BadgerKid
(5,017 posts)So with private K-12, the tuition payers might get a tax credit of up to $500-1,000.
bamagal62
(4,513 posts)If that was the case.
ProfessorGAC
(76,915 posts)...a tax credit of $250 per child & a max of $750 per household are allowed.
But, you only get that within AGI of under $500k (household). So, high income people don't get it.
I don't know that deduction applies to federal taxes though.
As private elementary school tuition here averages around $7,000, the credit is only about 3.5% of tuition.
PCB66
(127 posts)It was a Lutheran school run by our church. For anybody not familiar we Lutherans have a school system very similar to the Catholics.
The tuition was significant, even for church members.
Because we were church members we never paid the school but donated the amount of tuition to the church in addition to normal donation.
When we itemized our taxes each year we had a significant charity tax donation.
Back then we were probably in the 39% tax bracket so we essentially got more than one third of the tuition subsidized by the Federal government.
We were randomly audited once during this period but there was no problem.