To: Frapster
Most ministers say to use Gross pay. I tithe on the net. The way I look at it, I have never received that money, (and will probably never benifit from it), so I don't tithe on it. I guess I am a "cash basis" tither rather and an "accrual basis" tither.
I am a volunteer church treasurer and know what everyone gives. If most people would even tithe on the net, the church would be so much better off.
Question to gross tithers:
Do you tithe on unrealized gains on investments?
Do you tithe on the employer paid part of your 401K or other
retirement plan?
Do you tithe on the employer paid part of your Social Security tax, Medicare tax or unemployment tax?
If you do receive future benifit from Social (In)-Security, Do you have to pay a tithe on that portion that you have already tithed on? How do you determine what part of that payment is a return of your money? (LIFO, FIFO,?)
Just something to think about.
A. Patriot, the Christian Accountant. :-)
To: A. Patriot
wow! Excellent points. Thanks for your feedback.
67 posted on
05/23/2003 1:52:29 PM PDT by
Frapster
(Angel of Thread Death)
To: A. Patriot
Unrealized gains, I wouldn't tithe on, because they aren't offically recongized as gains, unless if you are looking to sell them right away. Realized gains I would tithe on, because it would be considered income.
71 posted on
05/23/2003 1:57:34 PM PDT by
cpprfld
(Who said accountants are boring?)
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