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College and University Discussion
Reply to "LACs will avoid endowment tax"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]They also dropped the part that excluded international students from the calculation and lowered the rates to 1.4% between $500-750k per student, 4% between $750k-$2 million per student, and 8% over $2 million. A big nothing-burger for most institutions in the end.[/quote] Wow, people made such a big deal out of nothing. Life goes on.[/quote] For the schools subject to the tax, it’s a huge deal. This is a tax of several *billion* dollars for most of them. [/quote] Very few universities are being taxed a billion. The wealthiest LAC-Williams-only has $3.6bil[/quote] At my Williams reunion in June, the President told the alumni society that the tax could cost Williams as much as $40 million per year. That was really operating money for the college.[/quote]
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