To: Ancesthntr; lightman
“So if a private school charging tuition...but if that....”
Should be: “So if a private school charges tuition, that’s tax-free...but if that....”
76 posted on
05/19/2019 9:13:30 PM PDT by
Ancesthntr
("The right to buy weapons is the right to be free." A. E. van Vogt, The Weapons Shops of Isher)
To: Ancesthntr
The issue is that interest earned by endowments is now being interpreted as “unrelated income”.
And the tax rate on endowment income has increased 40%.
87 posted on
05/19/2019 11:03:30 PM PDT by
lightman
(Byzantine Troparia: The "praise choruses" of antiquity.)
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