No one is sure exactly how many colleges and universities will have to shell out under a new excise tax in the revamped tax code, as key definitions and details have yet to be decided. But the number seems likely to rise in the future as endowment values grow.
So how many more colleges will be paying an excise tax in five years, 10 years or 15 years? An economics professor at Wellesley College has run some numbers to come up with preliminary estimates.
Read more at Inside Higher Ed: https://www.insidehighered.com/news/2018/01/04/dozens-more-colleges-will-pay-endowment-taxes-if-growth-rates-continue