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Republican Proposal Would Impose 21% Tax on University Endowments
Best Colleges ^ | 1/31/25 | Mark J. Drozdowski

Posted on 02/26/2025 12:46:30 PM PST by DallasBiff

Under a bill proposed by U.S. Rep. Troy Nehls of Texas, Harvard would have to pay half a billion dollars in taxes per year.

A new Republican proposal wants Harvard University to help reduce the federal deficit.

The Endowment Tax Fairness Act seeks to levy a 21% tax on the endowments of wealthy universities, such as those in the Ivy League.

The bill introduced by U.S. Rep. Troy Nehls, R-Texas, on Jan. 15 would increase the existing 1.4% endowment tax instituted as part of the 2017 Trump Tax Reform Plan. Specifically, the tax applies to colleges with at least 500 students and more than $500,000 in endowment per student

(Excerpt) Read more at bestcolleges.com ...


TOPICS: Business/Economy; Chit/Chat
KEYWORDS: endowment; harvard
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I'm basically anti-tax, but it's time for the liberal democrat universities, pay their fair share.
1 posted on 02/26/2025 12:46:30 PM PST by DallasBiff
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To: DallasBiff

Damn right!


2 posted on 02/26/2025 12:48:25 PM PST by dfwgator (Endut! Hoch Hech!)
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To: DallasBiff

Hey, they wanted us to “tax the rich,” right?


3 posted on 02/26/2025 12:49:23 PM PST by hinckley buzzard ( Resist the narrative.)
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To: DallasBiff

As long as we have income tax I absolutely support taxing educational endowments. They sit on that money and still rip off students piling debt on them. I think the endowment tax should be the same as the highest individual rate, 30+ percent.


4 posted on 02/26/2025 12:49:40 PM PST by Skwor
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To: DallasBiff

https://en.wikipedia.org/wiki/Endowment_tax

I did NOT know about this one.

Increase it to 6% and cut off ALL federal Student Loans.


5 posted on 02/26/2025 12:50:02 PM PST by Paladin2
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To: DallasBiff
Better idea...

Stop sending federal subsidies to wealthy universities!

6 posted on 02/26/2025 12:52:02 PM PST by zeestephen (Trump Landslide? Kamala lost the election by 230,000 votes, in WI, MI, and PA.)
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To: DallasBiff

You have to read the full article and avoid all the biases and anti-conservative catch words and angst, to understand to understand that the 21% tas is on endowment INCOME. That’s what I assumed, but it wasn’t clearly stated early in the article.

I’m good with this.


7 posted on 02/26/2025 12:52:36 PM PST by oldplayer
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To: DallasBiff

Way too low. Bump the rate up by 10 or 20%.


8 posted on 02/26/2025 12:52:57 PM PST by Robwin ( )
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To: DallasBiff

I agree. Especially if we are going to continue allowing them to access the slower among us in their classrooms to program and brainwash them.


9 posted on 02/26/2025 12:53:25 PM PST by FlingWingFlyer (Schmucky Schumer says that Government "hard workers" are even working anonymously.)
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To: DallasBiff

how about 21% tax on unrealized stock gains over 1 billion?


10 posted on 02/26/2025 12:54:29 PM PST by TexasFreeper2009
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To: DallasBiff

Endowments, foundations, and NGOs should be considered ordinary corporations and taxed as such.


11 posted on 02/26/2025 12:54:44 PM PST by jjotto ( Blessed are You LORD, who crushes enemies and subdues the wicked.)
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To: hinckley buzzard

Tax the Hollywood studios and rich celebrities.


12 posted on 02/26/2025 12:55:31 PM PST by dfwgator (Endut! Hoch Hech!)
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To: DallasBiff

“...I’m basically anti-tax, but it’s time for the liberal democrat universities, pay their fair share....”

I’m the same way. They couldn’t pick a better bunch of lib arseholes to tax the verloving crap out of than that bunch.
Make it a nice flat 25% rather than 21% too. Go for those gusto dollars!!!.


13 posted on 02/26/2025 12:55:44 PM PST by lgjhn23 ("On the 8th day, Satan created the progressive liberal to destroy all the good that God created...")
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To: DallasBiff

I would prefer we create a vehicle for those left with worthless or even no degrees to recoup tuition and opportunity costs from universities.


14 posted on 02/26/2025 12:56:41 PM PST by RightOnTheBorder
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To: All

Add a tax to student visas too


15 posted on 02/26/2025 12:57:00 PM PST by escapefromboston (Peace, commerce and honest friendship with all nations, entangling alliances with none.)
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To: DallasBiff

So when is the tax applied when an endowment happens or on current monies? If current monies wouldn’t that be a wealth tax?


16 posted on 02/26/2025 12:57:54 PM PST by frogjerk
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To: oldplayer

Endowment income meaning for example: Yale has $42 Billion in endowments - if their investing and such makes it $43 billion they would be taxed on the 1 billion?


17 posted on 02/26/2025 12:59:19 PM PST by frogjerk
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To: DallasBiff

They are “well endowed” so......


18 posted on 02/26/2025 12:59:50 PM PST by blackdog ((Z28.310) Be careful what you say. Your refrigerator may be listening & reporting you.)
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To: DallasBiff

Indeed! Harvard has $ 50. Billion in endowments


19 posted on 02/26/2025 1:02:45 PM PST by Gaffer
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To: DallasBiff
Why create a tax on endowments? Just don't give out so many grants to these colleges and universities. Wouldn't a tax on endowments just be penalizing private citizens from directing their money where they want?

These are questions for discussion and debate.

20 posted on 02/26/2025 1:05:16 PM PST by frogjerk
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