Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Colleges blast endowment target in Republican tax bill (Taxes for Thee ... )
Philly.Com via Bloomberg ^ | 11/03/2017 | Janet Lorin

Posted on 11/04/2017 11:28:21 AM PDT by Kid Shelleen

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-40 last
To: Kid Shelleen

American universities are yet another means-tested scam which is destroying the middle class.


21 posted on 11/04/2017 12:06:23 PM PDT by PGR88
[ Post Reply | Private Reply | To 1 | View Replies]

To: Skooz
All tax policy has its objective raising revenue.

For the Left and progressives (especially the smart ones who fancy themselves our elites) tax and all other government programs are social engineering programs. For them, its about changing behavior first.

"revenue" will work itself out, or come from debt and printed, fiat Federal Reserve Dollars.

22 posted on 11/04/2017 12:09:36 PM PDT by PGR88
[ Post Reply | Private Reply | To 18 | View Replies]

To: Kid Shelleen

The profs and their students want socialism? Well, let them get a taste of it by taxing their school’s endowment investment income, only at the rate the deplorables like me have to pay. Same thing with tearing down statues and changing school names - lets change the names of Brown University and Yale University, both of which were funded by slave-trading families. Get the Woodrow Wilson School at Princeton’s name changed - he wrote that blacks were inferior. Stanford should no longer be Stanford - he had some crank eugenics theories. Start making the left academics sustain what they glibly prescribe for the rest of us.


23 posted on 11/04/2017 12:13:12 PM PDT by laconic
[ Post Reply | Private Reply | To 20 | View Replies]

To: goldstategop

“These are the same people who want other people’s taxes raised... just not theirs.
Yeah, I can see why they’re opposed to the tax cut bill.”

Yes. Entirely true. Hypocrisy now having the sunlight shone on it.


24 posted on 11/04/2017 12:13:15 PM PDT by neverevergiveup
[ Post Reply | Private Reply | To 4 | View Replies]

To: Kid Shelleen
There is a better way to crack this egg. I call it "socialism for the socialist sector." Provide that any non-profit institution will lose its tax exemption if any salary exceeds the maximum pay for federal employees, and if average salaries exceed the federal average. Nor would contributions to that institution be tax deductible. I have no objection to colleges, hospitals and big philanthropic organizations paying top dollar, but they shouldn't exploit tax breaks to pay really high salaries to staff. I would extend the same discipline to state and local governments; no federal transfer payments should be made to any state or local government for any purpose if it pays salaries over the federal limit.

To really make this bite, the next step is to mandate that the average salary for federal employees, including fringe benefits, will not exceed the average salary for full time employed people in the private sector. This is not punitive. It would simply ensure that the government and non-profit sectors do not exist in a privileged bubble.

25 posted on 11/04/2017 12:22:44 PM PDT by sphinx
[ Post Reply | Private Reply | To 1 | View Replies]

To: goldstategop

America’s Ivy League universities are basically hedge funds that teach some college courses on the side.


26 posted on 11/04/2017 12:32:55 PM PDT by PGR88
[ Post Reply | Private Reply | To 4 | View Replies]

To: Kid Shelleen

We tax tobacco. Why not liberals?


27 posted on 11/04/2017 12:35:14 PM PDT by aMorePerfectUnion
[ Post Reply | Private Reply | To 1 | View Replies]

To: sphinx
I call it "socialism for the socialist sector." Provide that any non-profit institution will lose its tax exemption if any salary exceeds the maximum pay for federal employees, and if average salaries exceed the federal average.

I LOVE ideas like yours. Out-of-the-box, but perfectly practical and logical. To your idea of Fed pay grades linked to non-profit, tax-free status, I would also add "any institution receiving Federal grants or aid money"

28 posted on 11/04/2017 12:37:23 PM PDT by PGR88
[ Post Reply | Private Reply | To 25 | View Replies]

To: Bryanw92
Time for 50 years of Johnson Amendment for colleges. Favor a party and you lose all tax-exempt status.

That's a great idea!

29 posted on 11/04/2017 12:40:49 PM PDT by T Ruth (Mohammedanism shall be defeated.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Kid Shelleen

Republicans shouldn’t be raising taxes. The only reason they’re doing so is because they refuse to cut spending.


30 posted on 11/04/2017 12:51:37 PM PDT by WilliamIII
[ Post Reply | Private Reply | To 1 | View Replies]

To: neverevergiveup

It may be hypocritical for liberals to squeal about being taxed, but it’s also hypocritical when we conservatives start applauding new taxes for big government - just because we don’t like the folks being taxed. I want to be consistent. The government already taxes too much. It’s time to cut spending, not raise more taxes. Unfortunately, the RINOs in Congress won’t cut spending, so more money needs to be taken through taxes


31 posted on 11/04/2017 12:55:26 PM PDT by WilliamIII
[ Post Reply | Private Reply | To 24 | View Replies]

To: WilliamIII

Be that as it may, all that filthy lucre would be better spent on some new subs and than spreading communism. Tax’em ‘till their bled dry.


32 posted on 11/04/2017 1:09:10 PM PDT by Sparticus (Primary the Tuesday group!)
[ Post Reply | Private Reply | To 31 | View Replies]

To: Kid Shelleen

I have a larger tax plan as far the education industrial complex goes - get rid of “non-profit” status to any entity that charges a fee for its services. That would put the “Ivy League” where it belongs - no different than “for profit” schools.

“Non-profit” should mean “charitable” only and charity is not about charging for services.


33 posted on 11/04/2017 1:11:57 PM PDT by Wuli
[ Post Reply | Private Reply | To 1 | View Replies]

To: ConservativeMind

“Tax ‘em to heck.”

I agree. Tax universities, non-profits, and foundations. Many universities profit by licensing and selling inventions and knowledge developed with government research grants funded by the taxpayer.

Too many non-profits are engaged in profit making business activities competing with private companies. Look at Goodwill and Habitat for Humanity retail stores for example.

End government grants, subsidies and tax preferences. Let the marketplace determine the value of non-profits, universities, and foundations.


34 posted on 11/04/2017 1:17:28 PM PDT by Soul of the South (The past is gone and cannot be changed. Tomorrow can be a better day if we work on it.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Kid Shelleen
“has no clear policy objective other than raising revenue,”

That's what taxes are for.

Granted, they've also been used to punish people. Working Americans have been punished for decades. Their hard earned wages have been taken from them to give to slugs who refuse to work.

35 posted on 11/04/2017 1:17:51 PM PDT by ladyjane
[ Post Reply | Private Reply | To 1 | View Replies]

To: WilliamIII

I understand your fundamental principle, and appreciate it, but this is apples and oranges. Universities are the recipient of ‘donations’ in the form of stock and ‘gifts’ - that aren’t taxed at all. They are given breaks that are beyond what you would imagine (much, much more than you would imagine), and get away with insider trading - routinely. Yet, they pay no taxes. In response, they are incredibly and vocally partisan.


36 posted on 11/04/2017 1:50:20 PM PDT by neverevergiveup
[ Post Reply | Private Reply | To 31 | View Replies]

To: Kid Shelleen

“... other than raising revenue...”

And American universities don’t understand that the purpose of taxes is to raise revenue?? Are these people dimwits, or what???


37 posted on 11/04/2017 3:51:37 PM PDT by elpadre (AfganistaMr Obama said theoal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kid Shelleen

This has several benefits:
* drives the rich colleges to start spending it on student tuition breaks and not infrastructure they have to pay to maintain
* could help de-fund social justice programs
* helps deplete the assets of mostly liberal colleges acting contrary to the public interest


38 posted on 11/04/2017 5:04:01 PM PDT by tbw2
[ Post Reply | Private Reply | To 1 | View Replies]

To: sphinx

I like Dr. Jordan Peterson’s project to identify the schools, graduate programs and departments most infected with social justice so that students and their parents can avoid them.
If you cut enrollment, they lose money as institutions and funding as departments, as well as heads full of mush to teach to hate the society they live in.


39 posted on 11/04/2017 5:05:28 PM PDT by tbw2
[ Post Reply | Private Reply | To 25 | View Replies]

To: Kid Shelleen

Leftists: Taxes for thee, but not for me.


40 posted on 11/04/2017 5:06:27 PM PDT by Kenny Bania (Ovaltine? Why not call it Roundtine?)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-40 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson