Universities are smarting over this new tax – Crain’s

The new federal tax applies to any college or university that has at least 500 full-time, tuition-paying students—with more than half of them being in the U.S.—and that has assets, aside from those used for charity, of at least $500,000 per full-time student. U of C, Northwestern and Notre Dame look likely to fall into the taxed category, despite being on the cusp of eligibility, giving them a combined liability of about $30 million.
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Andrew Szakmary
6 years ago

My university will likely pay this tax, given our high endowment per student, but it is a trivially small amount in the grand scheme of things. I just wish universities were not singled out and that it would apply more broadly to all so-called non-profits that pay lavish salaries to their administrators.

debtsor
6 years ago

Like the Clinton Foundation?

Governor of Alderaan
6 years ago
Reply to  debtsor

Since Hillary failed to steal the election, bribes laundered through the Clinton Crime Foundation are waaaaay down

Governor of Alderaan
6 years ago

It’s about time these rich institutions pay their fair share of taxes

debtsor
6 years ago

Ironic that the communist progressives in academia preach about higher taxes on the rich; and suddenly freak out when they realize THEY are the rich. I’d excise tax these bozos 25%.

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