A new tax on big college and university endowments is sending higher education a message
- Written by Sarah Waldeck, Distinguished Professor of Law, Loyola University Chicago
Stanford will most likely have to pay a new higher ed tax.AP Photo/Marcio Jose SanchezThe nation’s wealthiest private colleges and universities have a new expense.
Thanks to a provision in the tax reform package that President Donald Trump signed in late 2017, these schools are paying a 1.4% tax on their net investment income. This highly...
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