In 2017, Trump imposed a tax of 1.4 % on the endowments of colleges and universities that had large endowments relative to the number of students enrolled. Institutions of higher education, like churches, foundations, and other non-profits, have never been taxed. Typically, endowment income is used for scholarships and operating expenses, so this tax cut … Continue reading Trump’s “One Big Ugly Budget Bill” Increases Taxes on Some Colleges, Eliminates It on Others