Tax Penn Endowment Profit Fairly — The endowments at Penn, Harvard and MIT have more than $95 billion in assets yet only pay a 1.4 percent tax rate on net investment income, says Sen. J.D. Vance (R-Oh)
Vance introduced a bill, today, Dec. 14, that would tax these endowments at 35 percent income.
It’s about time.
By the way, the presidents at these corrupt, bigoted, anti-semitic universities have salaries in the high six to even seven-figure range.
