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Playboy Building In Tax Court

Playboy Building In Tax Court

The prospect of the appeal is intriguing, given what happened with the Kaufmans.  They won in the First Circuit, so the Tax Court had to take another look at the facts without considering the lack of mortgage subordination.  That led to the determination that the easement was worthless since based on the neighborhood (the South End in Boston), there were already substantial restrictions on messing with the facade.  I covered that decision also.

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Clergy Housing Tax Exemption The Times Square Of Religion And Taxation

Of course, we are not starting fresh.  107(2), dubious as its constitutionality might be, has been around for over 60 years and people have made a lot of plans based on it.  When President Trump finally gets around to making me his tax czar, here is my edict.  The Clergy Tax Simplification Act of 2018 will say that ministers can pay taxes just like everybody else.  Any existing housing allowances will be grandfathered.  Only there will be a cap of $4,137 month.  If it is good enough for a Brigadier General in Los Angeles, it is good enough for a religious racketeer.

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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.