Harvard’s endowment reaches into the tens of billions. They can complain about the new tax plan but very few people are feeling their pain.
‘World ends, ivy hardest hit’: Harvard got absolutely TOASTED after bitching about the new tax bill
Add Harvard University to the list of those angry with the just-signed GOP tax reform bill:
The new tax on university endowments will weaken financial aid, faculty and research initiatives, and other institutional programs that support students, professors, and medical and scientific studies https://t.co/FZtxYba4wM
— Harvard University (@Harvard) December 21, 2017
Reading the comments, I’m not seeing much sympathy for Harvard on this one. https://t.co/ov9Z16x7kU
— Ben (@BenHowe) December 22, 2017
Gee whiz, I thought redistribution was a good thing.
What’s weird is how the tax code under Democrats redistributed away from the middle class and to the wealthy. https://t.co/t6RxVAurQy
— Melissa Mackenzie ???? (@MelissaTweets) December 22, 2017
Your endowments are over $37 billion dollars a year. That’s B for billion. https://t.co/UGSnKMLnPE
— Ian Miles Cheong (@stillgray) December 22, 2017
So you have $40,000,000,000 and if you earn 5% you’ll increase by $1,966,000,000 and pay $34,000,000 in taxes.
— Yoenis Cespedes (@AppFlyer) December 22, 2017
You charge $45,000 in tuition. https://t.co/TNXjgf2AM8
— neontaster ???? (@neontaster) December 21, 2017
Donations tax deductible
to the full extent allowed by law.