Skip to comments.Look Again At The Frost Facts...And Don't Back Down
Posted on 10/11/2007 11:19:24 AM PDT by icwhatudo
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An announcement from the Baltimore Law Firm of Dewey, Cheatum, and Howe reports that they are amending the Frost's accident report and intend to file a pro bono claim accusing the tree of reckless endangerment by growing too close to the road.
The Frost children attend the school on scholarships. The parents pay $500 per year for their education.
I know next to nothing about the Frosts, but if they had a business and minimally insured cars, they were playing with fire. An auto accident with another party can mean a lawyer plundering all your business goods, unless you have the business structured properly. They owed it to themselves to overinsure the cars, but it sounds like their other decisions weren’t so great either. OK, but don’t make me or other taxpayers pay for your poor decisions.
I wonder if there is any connection to the Frost family in Miami (quite liberal, I believe) that has donated lots of money to the University of Miami?
If not...... there *should* be!
But as I understand it, the scholarships are not income, as long as the dollars are never received directly by the taxpayer. The private school tuition is not deductible (at least for Federal taxes, don’t know about MD). And if the school charges you a rate different than what others pay, that is not income to you.
Even if the grandparents are paying the full tuition, I don’t believe that you have a taxable event for the parents, as long as the payment was made to the school and not to the parents.