As a single working taxpayer I believe that students should pay income tax like everybody else. Theyt already get cheap housing and cheap loans. IE if I went to my bank and said I want a loan but can't start to pay you back for five years I woulod get laughed out of the building. Also since the introduction of Tuition fees, where has the portion of my Income tax gone that was previously used to make university education free for all. I haven't had a rebate for that part of my tax bill and probably never will. Do you think students have it too good and should start living in the real world and have to pay for things like everybody else does.
2006-08-07 11:47:41 · 18 answers · asked by rippernorkett 2 in Business & Finance ➔ Taxes ➔ United Kingdom
To clear things up. I live in England,over here students do not pay income tax. Also, i belive a car for a student is a luxury item. Most universiteis are in cities so what is wrong with public transport which they will get a discount on just like the beer in the student bar. And yes Im am a bitter old man at the age of 25. I guess my main problem is that the student loan system is too easy to abuse and maybe i am attacking the wrong people.
2006-08-08 05:06:41 · update #1
Yes. In the US if they make enough money, they pay taxes on it. Same rules for non-students.
2006-08-07 11:52:44 · answer #1 · answered by lcmcpa 7 · 0⤊ 0⤋
No I don't think students have it too easy. I am a mature student who has been up until last year working full time since the age of 18 and part time since the age of 14. I still continue to work part time while studying a full time uni degree. I do have to pay for things like everybody else does, but can't afford to on my low earnings and hence require the loan. Housing is not actually cheaper for students and I will have to pay back my student loan for god knows how many years when I earn my degree. Do you really think that I'm getting a good deal? I'm working my *** off so that I can improve my future and actually buy all the college stuff that I need, as well as pay for transport every day into campus. I do kinda see where you coming from but unless you have been a student yourself, you don't really know how it is for some of them. Plus how difficult it is for some to get part time work, because they have to work around lectures etc. Most of the people at uni are between the age of 18 to 23, so give us a break, we'll make up for it in the future.
2006-08-07 12:01:50 · answer #2 · answered by purpleandroid 3 · 0⤊ 0⤋
If you work you do pay income tax. That includes Students. Everyone has a Income Tax threshold which is around £4700 or something which you do not pay tax on.
The portion of income tax that was going towards education still goes towards education, the tuition fees have been introduced to better fund the higher education system (which was said to have had a major shortfall).
Should students have to pay for things? hmmm.
Fact: On average graduate do PAY more income tax than none graduates because they earn more over their working life time. Some could argue that students effectivley pay twice for there education.
Cheap housing.... how do they get cheap housing?
2006-08-08 05:05:35 · answer #3 · answered by Jim 4 · 0⤊ 0⤋
Everyone regardless of age must file a return if they had more than X dollars of income in a given year. That means EVERYONE and includes babies earning money on commercials of one kind or another. Of course in the case of a baby a parent would likely do the actual filing, but the baby's income would be taxed as along as it exceeded the threshold amount. Whether "your" NY student has to pay any taxes or not is another question, but they must file if their income exceeds that amount.
2016-03-27 02:50:59 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yeah, I agree with what you say. What is the nontaxable limit? I think you'll actually find not many students earn enough to be taxed. Some of us studied 45 hours a week with assignments, reading, research to do in the evenings. Some had a few hours paid work during the week (many that did failed the course) and hters, like myself, had a home and young family waiting for me every night and weekend. Not enough time to earn! Even as a single parent, students are no longer eligible for many welfare benefits as they were in the old days. And as for the loans, they will haunt you even if you find you cannot survive the first year, leave with no experience or qualifications. So, it's not as easy as it seems. My Mum studied as a single parent with four kids and did well. We managed. I struggled with two in a way she was horrified to see. Studying is not a cop-out.
2006-08-07 12:00:13 · answer #5 · answered by Amanda O 2 · 0⤊ 0⤋
Have you tried being a student? Im on a 7 year course, and for each of those year si have £5500 a year to live off, which needs paying back leaving me with a huge debt!
We do pay for things, my parents dont give me any money. I rent my house for £400 a month and travel to uni everyday costing about £15 a day!
We are trying to improve ourselves and earn higher wages which will eventually go towards other students doing the same!
2006-08-08 04:17:57 · answer #6 · answered by ME 3 · 0⤊ 0⤋
HELL NO
ok, you have to do things step by step you can just dump everything on a college student- hello!!! they are already overloaded with homework and drink like a million gallons of coffee a year!!
TUITION IS ON THE RISE, IT COSTS A LOT OF MONEY TO GO TO SCHOOL NOW A DAYS, AND WHAT ABOUT BOOKS? AT LEAST $300 used!!!! We pay for our car insurance, our health insurance, our car payments, clothes, food, room and board- we are living in the real world!!! or at least i am.....college students cant make as much money as graduates...so they need the money
AHHHH ok im getting annoyed
ok well just to let you know - i need at least $18,000 to survive in college every year- that includes: tuition, books, car insurance, health insurance, car payments, clothes, food, gas.....and if ure a full time student you hardly have time for a job!!!!
ok, how about you try being a student in the 21st century....
ok well i dont know what country or state you are from, but here where i live, i know many students who pay income tax....they had to take out so many loans because they couldnt afford school and everything else and now they are stuck with at least $50,000 that they need to pay back!!! After you graduate you have to worry about finding a REAL job not worry about paying loans!! youll be student with like only $500 in ur bank account every month that way....thats not good...and you also have to find somewhere to live
ok i know most of it what i said might not make sense, but its just an "emotional" topic for me esp because i am having trouble suporting myself right now....
2006-08-07 11:54:51 · answer #7 · answered by ? 4 · 0⤊ 0⤋
students do not pay income tax even if they work - they can claim it back.
Given the costs of beng a student at the moment - i.e. having to take out huge loans to pay fees and living costs I think they shouldn't pay tax until they start working.
Their salary when they start working will be more than average (in general) so therefore they will pay more tax than the average so it will all get paid back in the end - in theory.
2006-08-07 11:53:14 · answer #8 · answered by Steve C 4 · 0⤊ 0⤋
Students do pay income tax........or at least would do if they worked long enough in any one tax year. The reason that most students don't pay tax on their pay is that they only work during the holidays and their earning stay under the annual personal allowance!!
2006-08-11 01:30:47 · answer #9 · answered by John N 2 · 0⤊ 0⤋
The income tax laws are the same for students as for everyone else. I personally would prefer a national sales tax to replace the income tax.
2006-08-07 13:59:48 · answer #10 · answered by STEVEN F 7 · 0⤊ 0⤋