[stuck_in_new_orleans]

UC spokesman Paul Schwartz said it would be an "unwarranted invasion of personal privacy" to release the names of every recipient of a UC home loan.

shouldnt the NYTimes be doing a indepth investigation on this ....I mean....isnt it fair game and newsworthy?

/sarc

[gaijin]

"Yeah, man! Down with the establishment..! And give that lez $50,000 for a dog-run..! And give her carpet-munching mate $200,000 to do nothing every year! And 1/4 MILLION for yearly LANDSCAPING..!"

And give TA's MINIMUM WAGE for actually WORKING!

Yeah, we've REVOLUTIONAIRIES, MAN..!

[jpthomas]

I hope the recipients of these loans are aware of the potential tax consequences. Depending on the details of the terms of the loan, the employer is treated as if it paid additional compensation to the employee in the amount of the difference between the actual rate of interest and something called the applicable federal rate (AFR). The AFR is a kind of "market" interest rate computed using average yields of U. S. Treasury Obligations. This additional compensation income is deductible by the employer and is taxable to the executive.

[VeniVidiVici]

Ok. Let me see if I can ask this question correctly; If I get a $100K loan at 1% interest, and the going rate for loans of this sort is 8%, doesn't the IRS consider that spread, the difference, income to me?

Or what am I thinking of? :-)

[Rockingham]

As the article notes, the data can be extracted from local property records. Surely there is a watchdog group willing to do that, or is the task up to us yet again?

[razorback-bert]

Please tell me again, that there are no elite.