Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : To be a Liberal,you have to believe that..... -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (2159)	9/14/1999 2:02:00 PM
From: MikeH	Read Replies (2) \| Respond to of 6418

It's not hard to figure out a fair system for the amount of a voucher. A tiered system based on the parents tax return. Start with a base minimum voucher, whatever the lowest per student school system in state is. Probably at least $1,500. Then you allow an additional amount equal to the most expensive public school system in the state, phased out based on higher income. Say, the maximum is $6,000, and the voucher is fully phased out at $250,000 in AGI. (Top 1%) So, a poor family with $20,000 in AGI would get a voucher for $6,000 and could afford and could use that to fund a better education for their kids. While, an extremely wealthy family could only get a voucher for $1,500, and would have to make up the rest of their kids $14k in tuition out of pocket. Sure, it is complicated. But trust me, this is much more simple than a Schedule D on your tax return. It could be a form you turn into the state board each year to receive your voucher, along with a copy of your most recent tax return. Or it could be computed automatically, and if you request open enrollment, simply spit out by the State Revenue computer.