From: Ishy58 via The Oy Vey! [oyveymaster@thedailydose.com] and the groaners listserv.

The board of the synagogue was having a meeting about the Rabbi’s new contract. The president finally came out and said, “Rabbi, we can give you the new house, the new car and the $20,000 raise, but we can’t give you the new Tallis.” [Combs note — var. Tallith, a fringed shawl worn by men during morning prayers]

The Rabbi said, “What — you give me all those other things and can’t give me a new Tallis — why?”

“Because,” replied the President, “those fringe benefits will kill us!”