Talk:Endowment tax

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Remove section of text

The following section of text has been removed per Wikipedia:Verifiability A Google search for (Professor Edward McCaffrey Daniel Shaviro financial endowment) found a single reference (http://law.gmu.edu/faculty/papers/docs/03-23.pdf) that was not found to support the statement. Please recall that per Wikipedia:Verifiability#Burden_of_evidence "The burden of evidence lies with the editor who adds or restores material. Any material that is challenged or likely to be challenged needs a reliable source, which should be cited in the article. If an article topic has no reliable, third-party sources, Wikipedia should not have an article on it."

Begin removed section Professors Edward McCaffrey and Daniel Shaviro believe that a person's true wage rate should be an adequate proxy for a person's financial endowment. As such, the endowment tax they envision is not a wealth tax but an implicit periodic head tax that is assessed per year irrepective of actual earned income. Therefore, hughly skilled lawyers would could earn a million dollars a year would not escape tax liability if they chose to become beachcombers. End removed section

The above section would also seem to have issues with the guideline Wikipedia:Notability Jeepday 03:42, 23 January 2007 (UTC)[reply]

Article needs substantial rework by someone clueful

What exactly is this article supposed to be about? It starts out saying "Endowment tax is a US taxation of some endowments". Really? No other country has one? Then for some reason it veers into talking about endowments of US colleges, getting that wrong (some have endowments in the tens of billions), talks about the fools in the US Congress, has a specific paragraph on one endowment tax, and then we get the rest of the article which have almost nothing to do with anything in the introductory section.

I'm not clueful or a Wikipedian, but it looks like someone took a generic article and then stuck the Tax Cuts and Jobs Act of 2017 information where it doesn't belong. Hopefully someone out there can clean up this mess. 98.6.11.10 (talk) 14:31, 10 October 2018 (UTC)[reply]