Wright is getting criticism for slamming materialism in the pulpit and then retiring in luxury. Fox News is reporting that Jeremiah Wright is about to move into a large 10,000-square-foot home in a gated community in suburban Chicago. Tax experts say the deal was set up in an unusual way because Wright first sold the land to his church which then turned around and financed it with a $10 million line of credit. Church officials refused to discuss the specifics of the home it’s building for Wright or the way it was financed.
Thursday, March 27, 2008
WRIGHT’S RETIREMENT HOME
Wright is getting criticism for slamming materialism in the pulpit and then retiring in luxury. Fox News is reporting that Jeremiah Wright is about to move into a large 10,000-square-foot home in a gated community in suburban Chicago. Tax experts say the deal was set up in an unusual way because Wright first sold the land to his church which then turned around and financed it with a $10 million line of credit. Church officials refused to discuss the specifics of the home it’s building for Wright or the way it was financed.
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