3 ms·
Your first point is wrong, they raised tuition and told all kids they needed to go, and then they started tacking on luxury amenities later. Amenities like lazy
by downrightmike 3y ago
Your first point is wrong, they raised tuition and told all kids they needed to go, and then they started tacking on luxury amenities later. Amenities like lazy rivers are a new development. Tuition increases go back to the early 90's.
Yes they paid taxes, and the whole story is a wild one, they tried to dodge the IRS with redacted filings and that got taken to the SCOTUS in 1993. https://casetext.com/case/us-v-massachusetts-institute-of-technology https://casetext.com/case/us-v-massachusetts-institute-of-te...
And that decision is what allowed the massive tuition increase and all other schools followed or went defunct.
If you want a longer story of universities dodging taxes: https://time.com/5952901/universities-tax-exemption/ https://time.com/5952901/universities-tax-exemption/
Same thing google et all do with their IP and the Irish sandwich.