Free Republic
Browse · Search
Religion
Topics · Post Article

To: Honest Nigerian

Yes, I know a few who did, and they ultimately regretted it because they were unable to save up much for retirement on their own.

Many ministers (who really need the benefit of the tax-free housing allowance) make pennies, and they usually have fairly large families, and they are very generous with the little bit of money they do have. I’m sure abuses occur— such as some TV minister getting a huge housing allowance and taking advantage of the tax-benefit that was meant to help underpaid clergy that are truly sacrificing.

I hope the ruling is reversed; or, if the IRS decides to revisit this law, perhaps it would be fair to put a cap/limit on total compensation and housing allowance eligibility.


26 posted on 10/10/2017 8:45:21 PM PDT by davandbar
[ Post Reply | Private Reply | To 16 | View Replies ]


To: davandbar
I have never understood the reasoning that makes one person's compensation package tax advantaged while others are not. The church is a religious institution and a nonprofit, but the preacher is an employee like any other. It is up to the congregation to support him, not the IRS.
27 posted on 10/10/2017 9:26:24 PM PDT by hinckley buzzard
[ Post Reply | Private Reply | To 26 | View Replies ]

To: davandbar

quote-
I’m sure abuses occur— such as some TV minister getting a huge housing allowance and taking advantage of the tax-benefit that was meant to help underpaid clergy that are truly sacrificing.

I actually saw the books of a ministry once.

The housing allowances were in the tens of thousands of dollars..
some close to 6 digits.

That was just the housing allowances.

Not surpised to see dads, moms, kids in that kind of ‘family business’.
For some, it might pay really well.


30 posted on 10/10/2017 10:13:16 PM PDT by delchiante
[ Post Reply | Private Reply | To 26 | View Replies ]

Free Republic
Browse · Search
Religion
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson