Monday, May 19, 2008

Should huge college endowments pay tax? | csmonitor.com

Should huge college endowments pay tax? | csmonitor.com: "With nine of its colleges and universities boasting endowments above $1 billion, Massachusetts is now center stage in the emerging national debate over whether wealthy schools are doing enough to justify their tax-exempt status.

The reason for the spotlight: a first-of-its-kind proposal to tax those large endowments in the Bay State"

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