The tax on university endowments will more than quadruple under megabill

The tax on many UN university endowments will more than quadruple in the new tax plan universities currently pay a tax on their endowment of 1.4%. Now the big bill creates three new tax rates based on the student adjusted endowment. So that's the total endowment divided by the number of students.So schools with adjusted endowments of between 500,000 and 750,000 they will still pay that 1.4%. Those between 750 and 2 million pay 4% and those above 2 million will pay 8% much better than the 21% that have been ...