College endowments are typically tax-exempt, but a 2017 law imposed a 1.4% tax on investment income for a small group of wealthy private universities. A new proposal seeks to increase the endowment tax rate to 14%
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proposing an 8.6 percent tax hike
When hacking the government rules is used against you.
Proposed College Endowment Tax Hike: What to Know : https://thecollegeinvestor.com/52851/proposed-college-endowm...
Other article: When hacking the government rules is used against you.