The idea that Joe Sixpack is paying taxes and Phil Driscoll is being given tax breaks for money he uses to pay for vacation homes is both abhorrent and absurd to this retired SBC pastor who continues to receive part of his retirement in the form of a housing allowance.
One of the more overlooked provisions of the so-called Fiscal Cliff tax deal that arrived just in time for the market open January 2, 2013 is the renewed allowance of Qualified Charitable Distributions (QCDs) from Individual Retirement Accounts (IRAs).