April 7, 2006
How Tax-Code Revision Can Hurt Academe
College officials don't think of it very often, but higher education benefits enormously from the current structure of the U.S. tax code. Education tax credits, incentives to save for college, and the deductibility of interest on student loans are visible and popular provisions, and almost 10 million taxpayers made use of those options in 2002.
Other tax-code provisions are less apparent but equally valuable. Many faculty and staff members enjoy educational-assistance benefits without
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