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Tax exemptions for preachers ruled unconstitutional by federal court
Sunday, November 24, 2013 1:34 PM
NIKI2
Gettin' old, but still a hippie at heart...
Quote:Ministers may, for instance, use the untaxed income to purchase a home, and, in a practice known as “double dipping,” may then deduct interest paid on the mortgage and property taxes. Clergy are permitted to use the housing allowance not just for rent or mortgage, but for home improvements including swimming pools, maintenance and repairs. They may exempt from taxable income up to the fair market rental value of their home, particularly benefiting well-heeled pastors. The benefit extends to churches, which can pay clergy less, as tax-free salaries go further. http://ffrf.org/news/news-releases/item/19361-ffrf-gaylor-barker-overturn-%E2%80%98parsonage-exemption%E2%80%99-clergy-privilege]
Sunday, November 24, 2013 7:16 PM
WHOZIT
Sunday, November 24, 2013 11:47 PM
WISHIMAY
Monday, November 25, 2013 10:25 AM
SIGNYM
I believe in solving problems, not sharing them.
Monday, November 25, 2013 8:40 PM
FREMDFIRMA
Monday, November 25, 2013 8:52 PM
1KIKI
Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.
Wednesday, November 27, 2013 2:22 AM
SHINYGOODGUY
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