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Breaking: GOP tax bill now includes large tax increases on college endowments
Posted on 5/9/25 at 7:49 pm
Posted on 5/9/25 at 7:49 pm
Boom!!!!!
This will pay for no tax on tips/social security
Loading Twitter/X Embed...
If tweet fails to load, click here. This will pay for no tax on tips/social security
17
Posted on 5/9/25 at 7:51 pm to HailHailtoMichigan!
Winning!
They're just for profit corporations now.
They're just for profit corporations now.
Posted on 5/9/25 at 7:51 pm to HailHailtoMichigan!
The 1% of the 1%
Posted on 5/9/25 at 7:52 pm to HailHailtoMichigan!
quote:
GOP tax bill now includes large tax increases on college endowments
Posted on 5/9/25 at 7:54 pm to HailHailtoMichigan!
Meanwhile, we have states exempting sports players from paying taxes on millions of dollars in NIL.
Posted on 5/9/25 at 7:57 pm to HailHailtoMichigan!
Scared me for a second. I overlooked the word "college."
Posted on 5/9/25 at 7:58 pm to HailHailtoMichigan!
Why not just quit giving them money if they have huge endowments?
Posted on 5/9/25 at 8:01 pm to SquatchDawg
Don’t ask those questions
Posted on 5/9/25 at 8:20 pm to HailHailtoMichigan!
Our enemies, especially China, will be celebrating.
Posted on 5/9/25 at 8:26 pm to Bengalbio
Can you please explain why wealthy colleges that earn a fortune every year shouldn’t have to pay similar taxes on their earnings than a private business or corporation?
Posted on 5/9/25 at 8:31 pm to HailHailtoMichigan!
The pace with which some are embracing tax increases is astonishing.
Posted on 5/9/25 at 8:33 pm to HailHailtoMichigan!
Wow. They managed to find a tax increase I actually support.
Posted on 5/9/25 at 8:34 pm to Ten Bears
This isn’t the republicans party of Bush and corporations. It is a working class party now. The establishment will either adjust or get destroyed in elections now that Trump isn’t on the ticket.
Posted on 5/9/25 at 8:34 pm to Ten Bears
quote:
The pace with which some are embracing tax increases is astonishing.
Universities are public entities. These are public funds.
Posted on 5/9/25 at 8:35 pm to HailHailtoMichigan!
Why won't the GOP do something? - Massie Bros.
Posted on 5/9/25 at 8:36 pm to Ten Bears
It’s about fairness.
Why should an extremely wealthy investor (Harvard) only pay a 1% tax?
Why should an extremely wealthy investor (Harvard) only pay a 1% tax?
Posted on 5/9/25 at 8:37 pm to HailHailtoMichigan!
quote:
Can you please explain why wealthy colleges that earn a fortune every year shouldn’t have to pay similar taxes on their earnings than a private business or corporation?
Okay. Sure. But let’s not pick winners and losers.
Let’s tax anything and anyone sitting on a large stack, St Jude foundation, YMCA foundation, Catholic Church, and Elon Musk; everything and everyone.
Let’s also eliminate the deductions for charitable contributions.
Posted on 5/9/25 at 8:37 pm to rstamp1
quote:
This isn’t the republicans party of Bush and corporations. It is a working class party now. The establishment will either adjust or get destroyed in elections now that Trump isn’t on the ticket.
Ahhh, so democrats?
Posted on 5/9/25 at 8:39 pm to imjustafatkid
quote:
Universities are public entities. These are public funds.
A foundation is a separate legal entity.
Posted on 5/9/25 at 8:41 pm to Bengalbio
quote:
A foundation is a separate legal entity.
A public entity creating a separate legal entity is not enough to make that not a public entity in any way but through technical loophole.
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