Yes. On top of income taxes being progressive, college tuition is progressive, providing a multiplicative effect on the sticker price. For a family in the highest tax bracket, the true cost of a full-sticker 4-year degree is $500K+.
Yes. On top of income taxes being progressive, college tuition is progressive, providing a multiplicative effect on the sticker price. For a family in the highest tax bracket, the true cost of a full-sticker 4-year degree is $500K+.