Minister’s Vow Of Poverty Does Not Beat Income Tax – And Kent Hovind Update
And yet he still could have succeeded. I’m personally not sure about the IRS’s reasoning in Rev. Rul. 77-290, but the ruling exists and provides a roadmap for pastors who want to take a vow of poverty to avoid paying taxes: basically, they have to mean it. Here, if Pastor White had given up signatory authority over the bank account, he probably wouldn’t have had to pay taxes.
And, in that way, right or not, the IRS’s standard is remarkably clever. It says, “If you’re actually willing to give up your rights to the money, we’ll believe your vow of poverty, and treat you like you didn’t earn the money.” But the thing is, that’s a really steep price, and White was apparently unwilling to pay it. So he lost, and rightly.
Mike Pence Voted For Bill That Cost Him Tens Of Thousands In Income Tax
That ruling would have made the $673,797 deductible to Mike Pence, which could have wiped out his taxes for three or four years. Unfortunately for him, Congress plugged that hole in 2002 with the Job Creation And Worker Assistance Act of 2002. Congressman Mike Pence voted “Yea” both times on that bill when it came to the House. So here, we have a Congressman who voted in favor of a bill that ended up costing him, by my back of the envelope computation, nearly $100,000. I really can’t tell whether he saw it coming, but we should probably give him just a little credit for that.
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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.