Income taxes distort the relationship between wages and nontaxable amenities. When the marginal tax rate increases, amenities become more valuable as the compensating differential for low-amenity jobs is taxed away. While there is evidence that the provision of amenities responds to taxes, the literature has ignored the consequences for job…

Under the Tax Reform Act of 1986 many university employees are no longer able to make tax deductible contributions to an IRA. Several alternative plans of action are discussed including tax-deferred annuities. Tax planning strategies are offered. (MLW)

For school executives, annuities have become the preferred retirement vehicle, because other private-sector investments (some deferred compensation and profit-sharing plans) are closed to public employees. This article explains Internal Revenue Code sections 403 (b) and 457 and 1986 Tax Reform Act provisions related to tax-sheltered annuity plans.…

A survey of college faculty revealed that the Tax Reform Act of 1986, designed to make taxes simpler and more equitable, has increased the taxes of over half the respondents and decreased the tax liability of only 9%. Results also suggest that faculty bear a significant portion of the expenses associated with their profession. (MSE)

The Tax Reform Act of 1986 made changes with negative implications for scholarships, fellowships, and grants for study or research. The Act also affects three fringe benefits available to academics: tuition remission plans, educational assistance plans, and the provision of faculty housing for no rent or a nominal rent. (MLW)

An overview of the former taxation of scholarships and fellowships is presented, along with information on the practical implications of the changes brought about by the Tax Reform Act of 1986. Included is a copy of the guidelines issued by the Treasury Department and supplementary legislative history information from the "General Explanation…