Taxpayers are effectively subsidizing these schemes devised to ensure that silver spoon progeny attend the best schools. The rich "donate", then write off the huge sums they pay to broker admission for their kids, who may be less qualified for those coveted, precious spots than a non-rich kid. And the schools pay no tax on the donations via their so-called "nonprofit" status. What's worse, if a normal, W2 earner, who has no eligible write-offs exceeding the standard deduction, donates to a uni, they can only deduct up to $300. (Thanks to The Grifter's tax plan)Like with "clergy" and religious institutions, it's time to reform this blatant inequity and robbery of people.

Taxpayers are effectively subsidizing these schemes devised to ensure that silver spoon progeny attend the best schools. The rich "donate", then write off the huge sums they pay to broker admission for their kids, who may be less qualified for those coveted, precious spots than a non-rich kid. And the schools pay no tax on the donations via their so-called "nonprofit" status. What's worse, if a normal, W2 earner, who has no eligible write-offs exceeding the standard deduction, donates to a uni, they can only deduct up to $300. (Thanks to The Grifter's tax plan)Like with "clergy" and religious institutions, it's time to reform this blatant inequity and robbery of people.

user
no
assistant