Edited by nimrod, 14 September 2009 - 07:19 PM.
Tithing: Pre-tax or After tax? Gross v. Net?
Posted 14 September 2009 - 07:17 PM
Posted 14 September 2009 - 07:21 PM
(personal opinion coming:)
Me, I pay on gross. I'd watch the tax refund issue, though. If you wind up getting more in tax refunds than you actually paid (which is entirely possible, given certain income levels and certain refundable tax credits) - IMHO, that's "income" and should be tithed.
Also, what are your thoughts on paying pre-tax when wealthy people pay 70% tax and poor people pay zero to 5% tax (not right now, but it has been like this)
I'm not sure it's particularly relevant. Tax is tax, tithing is tithing, and payments of one are not applicable towards amounts owing on the other.
AND, depending on how you answer this question, should one pay tithing on your "cash for clunkers" benefit/rebate?
IMHO: No; because it isn't "increase"--you already owned the car (which you presumably purchased years ago with post-tithing funds), and when you got the rebate you lost the car.
I bring this up, because a blanket application of "Gross Income" cannot be applied well across the board (self employed, sole proprietorship, investment income, etc.
My law firm is set up as an LLC. I only pay tithing on the amounts I actually pay myself out of the LLC's surplus. However, at some point twenty or thirty years down the road I'll retire and sell off my practice, and at that point I anticipate tithing 10% of the proceeds of the sale.
Edited by Just_A_Guy, 14 September 2009 - 07:27 PM.
Posted 14 September 2009 - 08:06 PM
Posted 14 September 2009 - 08:10 PM
Posted 14 September 2009 - 08:12 PM
Except for ending slavery, fascism, nazism, & communism, WAR HAS NEVER SOLVED ANYTHING!
Posted 14 September 2009 - 08:58 PM
LDS.org - Ensign Article - The Law of Tithing
--President Harold B. Lee, December, 1972
Posted 15 September 2009 - 06:12 AM
Posted 15 September 2009 - 06:17 AM
Posted 15 September 2009 - 07:37 AM
Posted 15 September 2009 - 01:33 PM
Posted 15 September 2009 - 01:55 PM
All it says in the handbook is pay 1/10 of one increase annually. If you pay net, anything that is interest, bonds, taxed, stocks, or other type of income is derived from for income source, whether it be monthly or annually, this is still tithed as a tenth.
Now, the aspect of tithing for my view, is who money is it in the first place? Not mine but the Lords. When ever a church leader asks for money, I do not hesitate in giving and will ask, how much do you need. For those who accepted their temple covenants, should be living the Law of Consecration
Hemi: Therein lies the answer and I am in total agreement. Folks sometimes get into splitting hairs with the Lords money. When the right answer is simply live up to the Temple Covenants you have already made. Practice the Law of Consecration and the worries are over.
Posted 15 September 2009 - 02:05 PM
Perhaps if we pay a little more, like 12% of our gross then we can be sure we don't come up short. I don't want to get burned at the second coming.
With all due respect, if I'm living a telestial life I don't think tithing alone is going to save me. If I'm living a terrestrial life, I don't think the mere failure to pay tithing is going to get me burned either.
Posted 15 September 2009 - 02:10 PM
Hemi can I have some money? Oh wait..I'm not a Church leader. Never mind.
I was asked one time and I said no problem. Then when I looked into my wallet and remembered to never leave it on the kitchen counter, it was empty. Now, I usually do the same to her on occasions.
Posted 15 September 2009 - 02:23 PM
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