The systemic racism in our universities is one of, if not the topic issue of our time. $45B of our taxes have gone to just ten universities in the past five years.
Additionally, the universities surveyed profit handsomely from “nonprofit” tax breaks amounting to a benefit of roughly $12 billion. Wealthy universities pay only a 1.4% “excessive endowments” tax on their gains whereas wealthy individuals pay up to 23.4% on their capital gains.
This funding and tax breaks must end immediately. Let them run their little KKK training universities on their own.
www.tabletmag.com
Additionally, the universities surveyed profit handsomely from “nonprofit” tax breaks amounting to a benefit of roughly $12 billion. Wealthy universities pay only a 1.4% “excessive endowments” tax on their gains whereas wealthy individuals pay up to 23.4% on their capital gains.
This funding and tax breaks must end immediately. Let them run their little KKK training universities on their own.
It’s Time for Congress to Open Harvard’s Books
The U.S. tax code and federal contracts swell the coffers of wealthy Ivy League universities that teach hatred is OK. Taxpayers should cut them off.
www.tabletmag.com
