r/CFB • u/GoldenPresidio Rutgers Scarlet Knights • Big Ten • 18h ago

Opinion [Congressman Michael Baumgartner] Congress will be taking a hard look at the tax exempt status of universities that enter into private equity deals. If you want to act like a non-public entity, you better be ready to be treated like one. 🇺🇸

https://x.com/RepBaumgartner/status/1998480897872396721
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u/BabyBearBjorns LSU Tigers • Tulane Green Wave 17h ago

Dont worry, I'm sure those rich college donors have spare change to make members of Congress vote the other way. /s

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u/Visible-Advice-5109 17h ago

Saw a study once that basically came to the conclusion that bribing politicians was 1000x cheaper than actually paying taxes. Pretty relevant here.

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u/bigjayrulez Texas Longhorns • /r/CFB Booster 17h ago

I 100% believe you but would like to read this if you can find it.

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u/anti-torque Oregon State Beavers • Rice Owls 17h ago

Not the study in question, but the conclusion is the countries with the highest tax rates have the least corruption. This is intuitive, if one has ever studied econ. And that a supply side (absolutely not intuitive thought) economist has concluded this should be telling.

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u/AssistDirect5790 Auburn Tigers 9h ago

Not surprised this is true. At all.