The Winding Path to an Endowment Tax

Harvard is set to pay almost $270 million more per year than it is currently. More than a dozen other institutions will save millions.

The institutions listed are not inclusive of all those subject to the endowment tax. They are chosen to be consistent with past analyses. Institutions marked with an * were likely exempt from the endowment tax under the religious exemption introduced in past proposals and are assumed to pay no tax in the relevant columns.
Chart: Phillip LevineCreated with Datawrapper