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Started By
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re: Breaking: GOP tax bill now includes large tax increases on college endowments
Posted on 5/9/25 at 8:41 pm to HailHailtoMichigan!
Posted on 5/9/25 at 8:41 pm to HailHailtoMichigan!
quote:
Why should an extremely wealthy investor (Harvard) only pay a 1% tax?
Well, several reasons. First, usually the money has already been taxed in some form or fashion. Second, there aren’t a ton of universities that have endowments at these levels, so it is sort of pointless.
But regardless of all of that, I don’t see why we are celebrating tax increases in any form on any entity. Period!
This post was edited on 5/9/25 at 9:00 pm
3
Posted on 5/9/25 at 8:42 pm to Ten Bears
quote:
But regardless of all of that, I don’t see why we are celebrating tax increases in any form on any entity. Period!
These entities are the cause of the college loan debt bubble. I say tax them at 20% and use that for the loan forgiveness or mitigation or whatever else.
This post was edited on 5/9/25 at 8:43 pm
Posted on 5/9/25 at 8:43 pm to imjustafatkid
quote:
These entities are the cause of the college loan debt bubble. I say tax them at 20% and use that for the loan forgiveness.
Ah no they are not. That would be the, check notes, the Federal fricking government.
So let’s talk about sending them less money, not more.
Posted on 5/9/25 at 8:50 pm to Ten Bears
lol my sons college just sent an email saying they are raising tuition in 27 to offset these taxes.
Posted on 5/9/25 at 8:53 pm to NashvilleTider
Gee, raise your hand if you saw that coming....
(raises hand)
(raises hand)
Posted on 5/9/25 at 9:25 pm to Bestbank Tiger
This will also encourage universities to invest more in research to lower the tax liability.
Posted on 5/9/25 at 9:29 pm to HailHailtoMichigan!
Need to tax the endowments proportion to the SL delinquency rates and employment rates of the graduates.
Posted on 5/9/25 at 10:03 pm to HailHailtoMichigan!
This was Trumps plan for funding America University.
Posted on 5/9/25 at 10:04 pm to HailHailtoMichigan!
Good
Posted on 5/9/25 at 10:06 pm to Ten Bears
quote:So you're in favor of keeping the carried interest loophole in place as well?
But regardless of all of that, I don’t see why we are celebrating tax increases in any form on any entity. Period!
Posted on 5/9/25 at 10:37 pm to LegendInMyMind
quote:
Meanwhile, we have states exempting sports players from paying taxes on millions of dollars in NIL.
That’s a state thing not a federal thing.
But I agree with your premise.
Posted on 5/9/25 at 10:40 pm to Ten Bears
quote:
But regardless of all of that, I don’t see why we are celebrating tax increases in any form on any entity. Period!
That's what we do now.
Posted on 5/9/25 at 11:25 pm to Ten Bears
quote:
Ah no they are not. That would be the, check notes, the Federal fricking government.
Yes they are. Let's not pretend they weren't the ones lobbying the federal government to guarantee student loans, and let's so not pretend they aren't still doing that.
Posted on 5/9/25 at 11:35 pm to HailHailtoMichigan!
If Trump can bankrupt our elite colleges, China can take over for real. Who needs elite educgcomation
Posted on 5/10/25 at 3:50 am to Bengalbio
quote:
Let’s tax anything and anyone sitting on a large stack, St Jude foundation, YMCA foundation, Catholic Church, and Elon Musk; everything and everyone.
One of these is not like the other.
quote:
Let’s also eliminate the deductions for charitable contributions.
I always wondered why you had to get a tax break to be forced to be benevolent. If you truly cared, why would you need a tax credit to do it?
Posted on 5/10/25 at 3:53 am to imjustafatkid
quote:
These entities are the cause of the college loan debt bubble. I say tax them at 20% and use that for the loan forgiveness or mitigation or whatever else.
This is actually a great idea, they caused the problem, well them and the ignorant adm under obama having fed govt pick up the nut.
Posted on 5/10/25 at 3:56 am to Ten Bears
quote:
Ah no they are not. That would be the, check notes, the Federal fricking government.
Once the fed govt assumed student loans, tuition skyrocketed and nonsense programs were added, both are at fault.
Posted on 5/10/25 at 4:23 am to trinidadtiger
quote:
I always wondered why you had to get a tax break to be forced to be benevolent. If you truly cared, why would you need a tax credit to do it?
Rates were significantly jacked up to fund WW1. Congress was concerned that wealthy individuals would feel a lot less generous once the government started taking a bigger cut. The charitable deduction was how they alleviated that concern.
Posted on 5/10/25 at 4:44 am to TBoy
quote:China.
If Trump can bankrupt our elite colleges, China can take over for real. Who needs elite educgcomation
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