UHND.com - Notre Dame Football, Basketball, & Recruiting

Why would anyone not expect a university endowment above a minimum threshold level (if the university holds more than $500,000 per student in their endowment) to pay the same taxes on their endowment investment gains that any foundation pays? If the left decries Big Business for not paying their fair share of taxes, why have they resisted doing the same for their politically friendly big universities?
That question answers itself.

Remember too that most university endowments are sacrosanct and do not pay for the year to year operating budgets of the schools (so it does not necessitate any increase in tuition for students).
Trump began this with his Tax Reform measure in 2017 with the top 29 universities (ND already included). They propose rolling it out to all universities above a minimum endowment threshold.

The universities chose political sides. They made concerted efforts to indoctrinate for the Left. They have attacked businesses and the rich for not paying their fair share of taxes....but they have excluded themselves in true liberal fashion (Liberalism Rule #1: Accuse others of that which you yourself do/are; and Liberalism Rule #2: The rules apply to thee and not me).
Well they gambled and lost, and now they are squealing for having face a consequence. We citizens pay a far, far higher tax rate on our capital gains (15% or 20% depending on income) vs the just 1.4% rate that all other foundations are required to pay, yet universities have been exempted.

Elections have consequences. Time for those in the ivory towers to learn about the real world.


Link: https://rollcall.com/2024/07/17/gop-vice-presidential-pick-has-diverse-record-on-tax-spending/