Damn right!
Hey, they wanted us to “tax the rich,” right?
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.
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.
Stop sending federal subsidies to wealthy universities!
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.
Way too low. Bump the rate up by 10 or 20%.
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.
how about 21% tax on unrealized stock gains over 1 billion?
Endowments, foundations, and NGOs should be considered ordinary corporations and taxed as such.
“...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!!!.
I would prefer we create a vehicle for those left with worthless or even no degrees to recoup tuition and opportunity costs from universities.
Add a tax to student visas too
So when is the tax applied when an endowment happens or on current monies? If current monies wouldn’t that be a wealth tax?
They are “well endowed” so......
Indeed! Harvard has $ 50. Billion in endowments
These are questions for discussion and debate.
This is confiscation and will never be acceptable under the Constitution. It’s stunning what lengths of gross injustice people will tolerate, so long as it’s done to their enemies. Total absence of principles.
Fair share? You don’t honestly think that would apply to the left do you? That is your part. They comprise the takers, the seedy, grimey parasites that infect the host. Other than that, they mean well.
only after they pay off all the student loans they engendered.
only way to cut the knees off of the academy and get rid of the leftists