Quote:
Originally Posted by ManOfWord
No attack taken. I have been around apostolic churches a LONG time and the vast majority of pastors I know "control" the entire tithing account. If they control it, the IRS considers it to be income. I haven't taken a poll on pastors, but my statement is based upon my experience. I would be willing to have others state the contrary, but I'm not sure they can.
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I understand that, but if you keep records of your own donations to other ministers for the work of God, as it is suppose to be done rather than hoarding all of the tithes, are not that then deductible from your overall income?
For instance, if I were to receive $100K in tithing then kept only $50K for myself, giving away $50K to a homemission work and a few missionaries over the course of the taxable year, would I then not pay taxes only on the $50K that I kept, minus whatever other deductions that I might be entitled to such as travel (business) expenses to conferences, etc. In the end, I may only pay taxes on nothing more than $25K.