Tough university endowments are being hit with an 8% tax, but it could have been worse. Robert Frank joins us now with a breakdown of who gets hit and who escapes. Robert, good to see you.In fact, it could have been much worse. The tax on many universities 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 ...

While Harvard’s tax bill will likely more than double, some smaller schools with famously left-leaning student bodies are getting tax relief. https://t.co/dcba41bOxE https://t.co/dcba41bOxE ...

The just-passed tax-and-spending package provides certainty for filers for the first time in years. Here's what you need to know. https://t.co/braA2eePS2 ...

President Trump promised “no tax on tips,” but for some workers, the details in the megabill say something else https://t.co/we2HDv106J ...

President Trump promised “no tax on tips,” but for some workers, the details in the megabill say something else.🔗: https://t.co/Ie2uTG28fc https://t.co/cifc53u9W2 ...

🇮🇳 UPDATE: Bybit will charge users in India 18% GST on all trading and service fees starting tomorrow, July 7.On top of the 30% crypto tax and 1% TDS. https://t.co/mMEsMjcV8l ...

President Trump promised “no tax on tips,” but for some workers, the details in the megabill say something else https://t.co/xbgI96WS3i ...

While 11 schools, including Princeton, MIT, and Yale were hit with a higher tax on their endowments’ investment earnings, Congress exempted wealthy small schools, including Swarthmore and Hillsdale, from the levy. https://t.co/eI23vNXkXv (Photo: Jim West/ZUMA Press/Newscom) https://t.co/NlGNMVDDxC ...

We will have no tax on tips, no tax on overtime. That was a campaign promise of President Trump's. Now he's signing it into law as part of his so-called one big beautiful bill.As this takes effect, the impact on the economy and individuals will likely be mixed. Tipped workers make up just 2 and 12% of the US workforce, and as many as 40% of those tipped workers already don't make enough money to have to pay federal income tax on any of their earnings. Still, about 12% of hourly workers clock some overtime e ...

While 11 schools, including Princeton, MIT, and Yale were hit with a higher tax on their endowments’ investment earnings, Congress exempted wealthy small schools, including Swarthmore and Hillsdale, from the levy. https://t.co/9Vh7E0epAU (Photo: Jim West/ZUMA Press/Newscom) https://t.co/WPwhkVeTve ...