Unfortunately, a little-noticed provision in President Trump’s sprawling new tax law is treating middle- and low-income college students like trust-fund babies – a tax law established 33 years ago to prevent wealthy parents from funneling money to their children to lower their tax burdens.
What does this provision do to students?
How many undergraduates and graduate students are affected?
What range of taxes are levied on unearned income per the new tax law?
Why wasn’t it fixed in the draft stage?
Green, E. (2019). Low-Income College Students Are Being Taxed Like Trust-Fund Babies. New York Times, May 17 (Retrievable online at https://www.nytimes.com/2019/05/17/us/politics/college-scholarships-tax-increases.html)
According to Glassdoor, who ranks internship opportunities, nearly half of the twenty-five most lucrative internships are in the technology field.
Which fields follow technology as the most lucrative?
Which company tops the list with a median monthly salary of $8,000?
Which was the most surprising to you and why?
Eadicicco, L (2019) The 13 highest-paying internships in tech. Business Insider, May 16 (Retrievable online at https://www.businessinsider.com/tech-internships-that-pay-the-most-facebook-amazon-google-microsoft-2019-5)
According to the Guardian, if Trump Tower and other Trump sites do not cut emissions, the Trump Organization will owe $2.1m a year from 2030.
How many Trump properties in New York City do not comply with new regulations designed to slash greenhouse gas emissions?
Which body passed these fines?
What will be required by the Trump properties to comply with the regulations?
Milman, O. (2019). Trump buildings face millions in climate fines under new New York rules. The Guardian, May 6 (Retrievable online at https://www.theguardian.com/commentisfree/2019/may/06/trump-labor-department-gig-economy)
According to the Associated Press, a powerful New Mexico regulatory authority is requiring the state’s largest utility to bill Facebook $39 million for a new transmission line construction for its data center — a move the social media giant says it was not expecting.
What is the total cost for the transmission project for Facebook?
What was Facebook’s response to this move by the New Mexico regulatory authority?
Is this Facebook’s only data center?
The contract in New Mexico was part of what type of initiative?
AP Staff. (2019). New Mexico panel surprises Facebook with $39M utility bill. Associated Press, April 18 (Retrievable online at https://apnews.com/d9396a5f9b9d4b5fa6383fbdd68f37cf )