Here’s How the Tax Cuts and Jobs Act Could Affect SU Sports

Overview


Erika Mayshar said the excise tax on high earners imposed by the Tax Cuts and Jobs Act is an attempt by Congress to discourage schools of paying employees seven-figure salaries. The tax “was intended to place nonprofit organizations and for-profits on more equal footing,” Ms. Mayshar said, and “isn’t just a revenue raiser. It also reflects the hostility toward the country’s largest nonprofits with highly-compensated executives.”