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Reply to "Prosperity pastors living large tax free."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This is why I started a home-based church. I also had some divine revelations.[/quote] how did this benefit you tax-wise?[/quote] PP is likely a troll but as someone who has actually started a legitimate church, I can answer your question. -if PP was employed by the “church” they would be able to set aside some or all of their (church) income as housing allowance and decline to pay into social security. -home office and meeting space could be deductible like if you used your home for a business; same for deducting business expenses. -if the “church” had income it would not be subject to income taxes. But of course they would need to incorporate and file with the IRS and state to be a not for profit. [/quote]
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