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

Tax Free Housing Benefits For Clergy Will Be Safe For The Present

Tax news of interest to clergy has been drowned out by coverage of the Tax Cuts and Jobs Act. Last week on December 13, Judge Barbara Crabb issued her promised ruling on how her earlier decision that Code Section 107(2) – the parsonage exclusion – will be implemented.  The ruling is not surprising, but clergy may be relieved that their cherished tax break is safe – probably for a couple of years , particularly since a Congress desperate for revenue raisers to pay for massive tax cuts for the job creators along with some crumbs for the working class did not even threaten to touch parsonage.

The House did threaten a different housing exclusion.  Code Section 119 allows the exclusion of housing provided for the convenience of the employer.  The House bill proposed a $50,000 cap on that exclusion.  I don’t know if it is a coincidence but that is in the ballpark of the housing allowance that those serving in the military get to exclude (It varies by region and rank – more by region.  You can check it out here).  That would also seem to be a reasonable cap for “ministers of the gospel” particularly given what the inspiration for the predominant religion in this country had to say on the subject of housing.

read more

New York Times Has Trouble Finding Tax Accountants To Discuss Tax Bill

The opening paragraph tells us about the fate of Jonathan Traub Managing Principal, Tax Policy Group at Deloitte.  You have to understand something.  One of my running jokes lately has been referring to the “failing New York Times”.  That is always meant ironically as a reference to our President’s characterization.  I love the New York Times and always have since Mr. Moroney required our sophomore class at Xavier High School to read parts of it every Sunday.

Remember the headline – “Tax Bill Is Great for Accountants – Unless They Have Holiday Plans”.  The fellow in the lead paragraph – Jonathan Traub – seems like a tremendous guy.  One problem,  notwithstanding that Mr. Traub works for one of the top accounting firms in the country, he is not an accountant and based on his resume has never been one, nor does he even have the most basic qualifications to be one.

read more

Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.