Reply to I don't understand why parents waste so much money on private schools in this area.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Private schools should be abolished.  Or at least the tax payer subsidy should be abolished.  Not only do public school parents pay for our schools, but we also pay for your privates?  No thanks!

It’s the other way around. I pay for public schools that we don’t use. We don’t get a tax payer subsidy for private.

[/quote][/quote]

Private school is a choice.  You don't have to, but you choose to; that is totally fine.  But, private schools benefit from the non-profit tax exemptions.  If that is taken away, the true cost of private will apply.  The tax payer is subsidizing private schools when they play no role for the public good, unlike other non-profits.  And now, after the Tax Cuts and Jobs Act, individuals get a taxpayer subsidy via 529s.  So, yeah, that's a publicly funded subsidy.[/quote]

After tax dollars [b]saved[/b] in 529 plan don’t amount to a taxpayer subsidy - whether that money is used for college or k-12 makes not difference - the money is not coming the government.    Perhaps you are not clear on the meaning of subsidy?[/quote]

Either you are willfully lying or you do not understand your finances.  Dollars going into a 529 are indeed after-tax; but dollars going out -- including gains -- are NOT TAXED AT ALL if they're used for the plan's purposes.  So, yes that is a subsidy you receive under the IR code.

This is where I will go snarky and say, I hope your private school kids are not so financially illiterate as this post make you out to be.  God help those little "masters of the universe" to be!
I have no problem with private schools (I went to boarding school), but I do have a problem with obfuscation.  Just admit your privilege and move on.[/

Thanks - I know exactly how a 529 works.   Are you this bitter about ROTH gains that are withdrawals after 5 years for education?   Bitter about perhaps your failure?  You are the perfect example of private schools not guaranteeing life success.    Noted.[/quote]

My goodness.  We put our kids in private so, among other things, they learn better manners than certain troubled public school types like you.  [/quote]

Np if you have to pay $35k+ so you kid can presumably learn 'better manners' , consider yourself a failed parent .[/quote]

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