Congress estimated a tax on wealthy college endowments would generate about $200 million annually. Last year it netted $68 million.
a federal tax on their endowment incomeInternal Revenue Service figures show the actual impact of such a tax has so far been minimal: Last year, 33 schools paid
a total of just $68 million, far short of the schools’ dire projections and the government’s official estimate, according to data recently published by the agency.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PolitiFact - Instagram post gets facts wrong about use of deadly force, border agents and the IRSAn Instagram post is wrong about Border Patrol agents’ ability to use deadly force. It also misleads about the role of IRS agents; deadly force is not randomly employed on typical taxpayers.
Read more »
Fumo and the IRS debate whether he was helping himself or his constituentsFormer State Sen. Vincent J. Fumo and the IRS are fighting in court over the agency’s demand that he pay about $3 million in back taxes and penalties.
Read more »
The last Wyandot was one of the most memorableKihue, known as Bill Moose, remained in Ohio after his tribe was relocated to Kansas and Oklahoma.
Read more »
Bob Saget's last film, 'Daniel's Gotta Die' to premier later this monthBob Saget's last film will premier in October, months after his death. 'Daniel's Gotta Die' is included in the Austin Film Festival 2022.
Read more »
Longhorns lost their poise in loss to OU last season, Steve Sarkisian saysTexas coach Steve Sarkisian picked up a few tips in dealing with crowd noise after his...
Read more »