7confidencegames
lifeinmiddlemarch2
Maria Popova 360x1000
Lafayette and Jefferson 360x1000
Susie King Taylor2 360x1000
Stormy Daniels 360x1000
199
1transcendentalist
lifeinmiddlemarch1
299
2confidencegames
Maurice B Foley 360x1000
Samuel Johnson 360x1000
Susie King Taylor 360x1000
6albion
11albion
Thomas Piketty1 360x1000
Margaret Fuller 2 360x1000
2falsewitness
Mark V Holmes 360x1000
1lookingforthegoodwar
8albion'
Margaret Fuller4 360x1000
1empireofpain
2theleastofus
AlexRosenberg
George F Wil...360x1000
6confidencegames
2lafayette
7albion
2jesusandjohnwayne
399
Spottswood William Robinson 360x1000
Ruth Bader Ginsburg 360x1000
1gucci
Margaret Fuller3 360x1000
Gilgamesh 360x1000
George M Cohan and Lerarned Hand 360x1000
1paradide
3albion
3defense
Margaret Fuller1 360x1000
Anthony McCann2 360x1000
Tad Friend 360x1000
Richard Posner 360x1000
Margaret Fuller 360x1000
Thomas Piketty3 360x1000
1albion
2transadentilist
Storyparadox1
2trap
1lafayette
10abion
1falsewitness
Margaret Fuller2 360x1000
4confidencegames
1theleasofus
3theleastofus
Learned Hand 360x1000
Mary Ann Evans 360x1000
1trap
1lauber
3confidencegames
5confidencegames
2gucci
4albion
1confidencegames
Betty Friedan 360x1000
storyparadox2
2paradise
Anthony McCann1 360x1000
2defense
11632
1jesusandjohnwayne
1defense
Margaret Fuller5 360x1000
499
Edmund Burke 360x1000
Brendan Beehan 360x1000
2lookingforthegoodwar
Thomas Piketty2 360x1000
Office of Chief Counsel 360x1000
9albion
3paradise
1madoff
storyparadox3
LillianFaderman
2albion
12albion
Adam Gopnik 360x1000
5albion
14albion
13albion
James Gould Cozzens 360x1000
Originally Published on forbes.com on July 5th,2011
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Most of my posts are based on my own review of original source material, rather than what I read in other blogs.  Since I often spend some time on the developments before I post, I’m usually not the guy to go to for breaking news.  I make exceptions, though, when, well, when I feel like making exceptions.  In this case it is because the parsonage exclusion is something I have been following pretty closely.  My most comprehensive post on the subject was titled “Work, Fight or Pray – Vestige of the Medieval in Our Tax Code” (Pretty catchy eh ?).  So I feel compelled to report this post by Reverend William Thornton.  He pointed me to this story, which indicates that a suit by The Freedom From Religion Foundation has been dropped.  They were maintaining that the parsonage exclusion violates the Establishment Clause of the First Amendment. It appears that the abandonment of the suit is based on the Supreme Court decision on the Arizona tuition tax credit, that holds that for purposes of standing to sue under the Establishment Clause, a tax credit is not equivalent to an expenditure.
The “parsonage exclusion” (Section 107 of the Internal Revenue Code) is one of the shorter sections :
In the case of a minister of the gospel, gross income does not include—
(1) the rental value of a home furnished to him as part of his compensation; or
(2) the rental allowance paid to him as part of his compensation, to the extent used by him to rent or provide a home and to the extent such allowance does not exceed the fair rental value of the home, including furnishings and appurtenances such as a garage, plus the cost of utilities
You would infer correctly from the non-inclusive language, that the section goes back to the early days of the Code.
The exclusion of a cash “rental allowance” has been an area of abuse.  I believe the IRS will be appealing the decision that allowed Phil Driscoll to exclude $195,000 in parsonage payments from his music ministry that were attributable to his second home.