Friday, August 23, 2013
Why Shouldn't Princeton Pay Taxes? - WSJ.com
This is pretty interesting.
Most of us are more than happy to see others pay more taxes.
In some places, the role of higher education institutions is being questioned...
Most of us are more than happy to see others pay more taxes.
In some places, the role of higher education institutions is being questioned...
Recently, James Piereson and Naomi Schaefer Riley published an interesting article in the Wall Street Journal about the tax participation of colleges and universities.:
"... According to the lawsuit, the university took in over $115 million from patents in 2011, of which $35 million was given to various faculty members. The lawyer for the plaintiffs told the Times of Trenton that "People in Princeton pay at least one-third more in taxes because the university has been exempt all of these years." If all of the school's property were taxed, the bill would come to roughly $28 million a year, instead of the roughly $10 million the university is now contributing voluntarily to town coffers."
