House Tax Plan Would Penalize Nonprofits That Pay High Salaries - Tax Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

House Tax Plan Would Penalize Nonprofits That Pay High Salaries - Tax Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: The plan, announced Wednesday by the head of the House Ways and Means Committee, would levy a 25-percent surtax on nonprofits that paid $1-million or more to employees. Large private-college endowments would face an ex