Wright living large in retirement
Thursday, March 27, 2008
This is actually kind of funny. From Fox News:A two-week FOX News investigation, however, has uncovered where Wright will be spending a good deal of his time in retirement, and it is a far cry from the impoverished Chicago streets where the preacher led his ministry for 36 years.
FOX News has uncovered documents that indicate Wright is about to move to a 10,340-square-foot, four-bedroom home in suburban Chicago, currently under construction in a gated community.
While it is not uncommon for an accomplished clergyman to live in luxury, Wright’s retirement residence is raising some questions.
I'm sure someone can explain the "context" for this.
I have no problem with a pastor being treated well for years of hard work, but this seems a bit much - especially when you consider what the church could have done with a couple million.
Public records of the sale show Trinity initially obtained a $10 million bank loan to purchase the property and build a new house on the land.
But further investigation with tax and real estate attorneys showed that the church had actually secured a $1.6 million mortgage for the home purchase, and attached a $10 million line of credit, for reasons unspecified in the paperwork.
10 Comments:
Well, thank heaven he managed to avoid middle-classness
commented by 
Anonymous, 1:50 AM
Anonymous, 1:50 AM
Nice house.
What are the future tax implications of this deal as it is considered "church property".
Is this a $1.6 Million house that pays no taxes?
What are the future tax implications of this deal as it is considered "church property".
Is this a $1.6 Million house that pays no taxes?
There are no future tax implications. This is not an issue and pretty much standard practice as stated in the post above. To bad you guys can't see that. There are many middle and upper middle class families that are members of trinity the statements that you're taking out of context refer to the middle class mindset.. that somehow because you've 'made it' you're better or somehow more special than anyone else and that the poor are beneath you...
anyways, I'm sure my statements won't matter as it seems like the target audience here are the people that based their opinions not on facts but on 30 second news clips during election cycles
anyways, I'm sure my statements won't matter as it seems like the target audience here are the people that based their opinions not on facts but on 30 second news clips during election cycles
Good to know that other pastors are stuggling on their pensions and we in the UCC are asked to give special to the pension fund for retired pastors.
Heaven forbid that Rev. Wright have to live in a smaller house.
Heaven forbid that Rev. Wright have to live in a smaller house.
truthtopower,
relax a bit.
All I'm asking is whether this $1.6Million estate owned by a church with a resident who will (shortly) no longer be affiliated with that church has to pay taxes?
I'm not a tax lawyer, but that doesn't sound legal.......again, I'm not a tax lawyer - therefore I ask the question.
relax a bit.
All I'm asking is whether this $1.6Million estate owned by a church with a resident who will (shortly) no longer be affiliated with that church has to pay taxes?
I'm not a tax lawyer, but that doesn't sound legal.......again, I'm not a tax lawyer - therefore I ask the question.
Glad to know JW hasn't forgotten his roots. Seems he will now spend the rest of his days with the afro-centric folks he has identified with throughout his career.
I'm not surprised at all by this. I don't know what other possible "context" there could be when a guy spends 30+ years yelling at how bad the rich, especially white rich folks, are and then ends up choosing to live among them. Wouldn't a guy who is so committed to "afrocentrism" want to retire to Africa?
Well there goes the black seperatist charge I guess.....
this living standard would be considered upper - middle class. this is not 'rich'
this living standard would be considered upper - middle class. this is not 'rich'
truthtopower:
What denial you live in.
I'm middle class, and I couldn't even dream of a $1.6 million house in a gated community, even if I wanted to do so (and I wouldn't).
There are many things you could call someone who citiques the capitalist system as part of his prophetic ministry, then retires, and gets to live in a gated community...I'll leave it up to you to fill in the blanks.
What denial you live in.
I'm middle class, and I couldn't even dream of a $1.6 million house in a gated community, even if I wanted to do so (and I wouldn't).
There are many things you could call someone who citiques the capitalist system as part of his prophetic ministry, then retires, and gets to live in a gated community...I'll leave it up to you to fill in the blanks.
one thing to call him would be hypocrite
