Public service demands may bring tax boosts
Federal Reserve Board member Andrew F. Brimmer warns that rising public service demands will drive taxes higher rather than lower in the near term. He cites limited economic output versus growing demand and urges a strict priority system to allocate resources among major claims.
MENTIONED IN THIS ARTICLE
Andrew F. Brimmer
Federal Reserve Board
United States
Brimmer
Church Mortgage Liability Depends on Incorporation
If a church is incorporated, members are not personally liable for mortgage payments as the debt is secured by the property and the bond. If unincorporated, members may be liable if officers signed the bond with member authorization per church rules.
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