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IRS Says Donations Made to Nonprofit NIL Collectives Are Not Tax Exempt
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[QUOTE="ClamOtto, post: 4686858, member: 368"] Don't want to get off on a tangent so feel free to delete, but the [B]net [/B]price of college (how much the average student pays after financial aid) has barely budged over the past 15-20, especially at public colleges, and has actually fallen over the past 3 years. Colleges with endowments of $500,000 or more per student (which isn't that many but includes the wealthiest of the wealthy) now have to pay a 1.4% tax on endowment income. If you ask me, the biggest break universities get is the property tax exemption, which kills towns like Syracuse where most of the land is owned by colleges (and other nonprofits). But if we eliminated all tax exemptions for colleges and universities, we would not like the results... [/QUOTE]
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IRS Says Donations Made to Nonprofit NIL Collectives Are Not Tax Exempt
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