Aug
26

Gimmie Shelter

The Friday File: The US Tax Court just ruled that under the Parsonage Allowance of 1921 an ordained clergy member may now live tax-free in an UNLIMITED number of homes owned by his or her religious organization, or receive a tax-free annual payment to buy or rent an UNLIMITED number of homes if the congregation approves! Given our big deficit Congress may want to end this housing subsidy to millionaire ministers.

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