Connecticut wants Yale to pay income taxes!


Shouldn't "The Rich" pay their fair share?
What if you had a guy with 25 billion dollars who wouldn't pay any taxes?

But there is such a "guy" in Connecticut. The guy is called Yale University, and because it's non-profit, it pays no income taxes.

Some legislators want to change that:

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Yale University’s endowment earned $2.6 billion in investment gains in fiscal 2015. A proposed bill in the Ivy League school’s home state of Connecticut is eyeing a share of the bounty as a source of revenue.

Schools with funds of $10 billion or more -- affecting Yale only -- could face a tax on endowment income, according to legislation introduced this month. Yale’s record $25.6 billion fund is the second largest in U.S. higher education, behind Harvard University’s $37.6 billion.

Supporters of the bill want Yale to spend more money to expand access to higher education and “create innovative, high-paying jobs,” Martin Looney, a Democrat

I think Looney (great name!) is on to something. I think all rich liberal universities should pay taxes.

After all, shouldn't "the rich" pay their fair share? Does Yale want to be GREEDY and keep all that money for itself? I'm sure such a liberal institution would not have that point of view!

I love it how leftist legislators want to shake down a leftist university. Let's have more of it.



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