1paradide
Thomas Piketty3 360x1000
Office of Chief Counsel 360x1000
1madoff
2gucci
5confidencegames
1albion
Edmund Burke 360x1000
George M Cohan and Lerarned Hand 360x1000
Richard Posner 360x1000
5albion
2theleastofus
Betty Friedan 360x1000
1transcendentalist
299
Brendan Beehan 360x1000
Maria Popova 360x1000
1defense
Tad Friend 360x1000
1lookingforthegoodwar
2confidencegames
7albion
11albion
1empireofpain
2jesusandjohnwayne
13albion
3theleastofus
1falsewitness
1jesusandjohnwayne
10abion
4albion
1trap
14albion
Mark V Holmes 360x1000
lifeinmiddlemarch2
499
Susie King Taylor2 360x1000
Anthony McCann1 360x1000
4confidencegames
6confidencegames
Mary Ann Evans 360x1000
Ruth Bader Ginsburg 360x1000
2lafayette
399
Margaret Fuller1 360x1000
Thomas Piketty2 360x1000
Margaret Fuller5 360x1000
Margaret Fuller4 360x1000
Learned Hand 360x1000
Samuel Johnson 360x1000
3defense
3paradise
storyparadox2
2falsewitness
199
3albion
2paradise
storyparadox3
Gilgamesh 360x1000
2transadentilist
Stormy Daniels 360x1000
Storyparadox1
8albion'
James Gould Cozzens 360x1000
Margaret Fuller3 360x1000
Anthony McCann2 360x1000
2lookingforthegoodwar
Lafayette and Jefferson 360x1000
Spottswood William Robinson 360x1000
Margaret Fuller 360x1000
LillianFaderman
AlexRosenberg
Adam Gopnik 360x1000
Susie King Taylor 360x1000
2trap
2albion
1lafayette
11632
Margaret Fuller2 360x1000
1theleasofus
lifeinmiddlemarch1
7confidencegames
1confidencegames
Maurice B Foley 360x1000
George F Wil...360x1000
9albion
6albion
2defense
1lauber
3confidencegames
Thomas Piketty1 360x1000
1gucci
Margaret Fuller 2 360x1000
12albion
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.