[net.taxes] New tax code affects stipends

goddard@rochester.ARPA (09/24/86)

From: goddard


We here at Rochester CS department have recently become aware that the
new tax code will have a significant impact on our (graduate student)
stipends.

The information I have is that the new tax code will be signed in a few
days, that it will be retroactive to August 19th, that stipends will be
taxable, and that tuition wavers or portions of stipends used for tuition
or fees will be exempt.  

I wonder how other departments, particularly CS departments, are reacting
to this.  Is everyone just meekly accepting the reduction in take home
pay, or are departments attempting to compensate in some fashion?

I would be particularly interested in hearing from people whose departments
are contemplating a co-ordinated response.  Please e-mail me and I will
summarise to the net.

Nigel Goddard


Internet:	goddard@rochester.arpa
UUCP:		{decvax, allegra,  seismo, cmcl2}!rochester!goddard
Phone:		[USA] (716) 275-7230
School:		Department of Computer Science; University of Rochester;
		Rochester, NY