The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/qualified-state-tuition-programs-11350597.aspx

Subject:  Qualified State Tuition Programs Date:  10/8/1999  5:37 PM
Author:  aegl Number:  19466 of 121095

Roy,

Just read through your article on state tuition programs (http://www.fool.com/school/taxes/1999/taxes991008.htm)

The San Jose Mercury News had a similar article (either this week or last week). I think that they made the point that withdrawals from the plan counted as income for the recipient, not for the contributors. Which if I read that right would seem to make this a very good deal for people in higher tax brackets (as presumably the student would have little other income and thus pay at rates of 15% or 28%).

-Tony
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us