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Reply to "Prosperity pastors living large tax free."
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[quote=Anonymous][quote=Anonymous]Wat? Pastor incomes are taxable like anyone else’s. [/quote] Pastors can opt out of social security if they file a form that they are opposed to government benefits. (Or something like that—my pastor husband doesn’t opt out so I’m not exactly sure the rationale needed.) They also get a housing allowance that is not taxed (but is subject to social security unless opted out). This is an amount designated in advance, in writing (like a contract or meeting minutes) and is for actual expenses. We need to calculate at the end of the year and pay tax on anything we didn’t “use.” [/quote]
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