Every organization that pays a salary of more than $1 million per year to any of its top five earning employers will face a stiff new 21 percent excise tax. That means any nonprofit-designated charity, college, and hospital that routinely asks us for donations, or charges expensive tuition or medical bills will have to justify paying those high salaries against a hefty new tax.
College football head coach salaries. No fewer than 78 of them currently make more than $1 million per year, led by the University of Alabama's Nick Saban at more than $11 million per year.
Please keep this non-political, as this is something that relates to College Football.
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